Tuesday 25 March 2014

Dubai’s Ithmar eyes Dh1 billion in GCC deals | GulfNews.com

Dubai’s Ithmar eyes Dh1 billion in GCC deals | GulfNews.com:



"Abu Dhabi: Private equity firm Ithmar Capital, which manages more than $800 million (Dh2.9 billion) in investments, expects to close deals worth at least Dh1 billion dirhams this year as economies in the Gulf continue to recover from the global financial crisis, its top executive said on Monday.



The Dubai-based firm, founded in 2005, invests in growth and buyout opportunities in Gulf-based or related companies.



“We expect to do deals in excess of Dh1 billion in 2014 in the healthcare and education sectors across the GCC [Gulf Cooperation Council],” said Faisal Bin Juma Belhoul, founder and managing partner of Ithmar."



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