Investcorp lines up diverse strategies for east and west
- Date: 12-Feb-2024
- Source: AGBI
- Sector:Financial Markets
- Country:Bahrain
Investcorp lines up diverse strategies for east and west
Multibillion-dollar asset manager Investcorp Capital is planning listing activity from its companies in the east in the next six months, but sees more profit in mergers and acquisitions in the west. The Bahrain-based company, which was listed on the Abu Dhabi Stock Exchange in November, on Monday reported income of $34 million for the first […]
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Multibillion-dollar asset manager Investcorp Capital is planning listing activity from its companies in the east in the next six months, but sees more profit in mergers and acquisitions in the west.
The Bahrain-based company, which was listed on the Abu Dhabi Stock Exchange in November, on Monday reported income of $34 million for the first half of the financial year ending December 31, 2023, and a gross operating income of $44 million.
In December, Investcorp successfully listed its Indonesian franchisee of the Mothercare brand, the alternative investment company’s first IPO on the Indonesia Stock Exchange and the 26th in its history.
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Hazem Ben-Gacem, co-chief executive officer of Investcorp, told a media briefing the company was particularly interested in the Philippines,