Abu Dhabi’s Gulf Capital backs rebound in Egypt oil sector with $25m investment | The National

Abu Dhabi’s Gulf Capital backs rebound in Egypt oil sector with $25m investment | The National:



"The Abu Dhabi-based asset management firm Gulf Capital has backed the view that Egypt’s energy sector is on the rebound, with a US$25 million investment in Amak Group.



Gulf Capital, which has $3 billion of assets under management, is making the investment via one of its four funds, Gulf Credit Partners. The fund specialises in mezzanine financing – hybrid debt-equity that is aimed at funding established private companies in a growth phase of their development.



The Cairo-based oil services company Amak fits that bill, according to Walid Cherif, manager of the Gulf Credit Partners fund, which has about $220m in assets."



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