Investment opportunities exist in Covid-19 crisis, insists Ithmar Capital founder - Arabianbusiness:
The founder and managing partner of UAE-based Ithmar Capital Partners is confident there are opportunities to be had in the market, despite the economic downturn prompted by the Covid-19 pandemic, and likened the current climate to the financial crash just over ten years ago.
Faisal bin Juma Belhoul said that eyebrows were raised a decade ago when he invested over AED500 million in Al Noor Hospitals - now Mediclinic International.
“Everybody thought we must have lost our heads, making big commitments in the market,” he told Arabian Business.
However, the investment paid off and more, with the Abu Dhabi-based hospital group going on to be listed on the London Stock Exchange in 2013.
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