(MENAFN-Khaleej Times) dubai investments (di) recently announced that it has achieved unprecedented success through its private equity subsidiary masharie, achieving profits of dh107
Masharie, which has acquired a total of 23 companies since its incorporation in 1998, owns 12 companies in its portfolio as on date, representing a wide array of sectors including aluminium extrusion, architectural aluminium designs, rubber, interior fit-outs, drivers’ training centres, switch gears and laboratory furniture, among others.
A pioneering move by dubai investments, masharie enjoys a major share in the regional private equity sector, and is currently pursuing aggressive growth and investments opportunities during 2014 with demography-linked sectors topping the priority lists, amidst optimistic business sentiment across other industries.
Khalid al jarwan, general manager of masharie, said: “over the last 16 years, masharie has achieved phenomenal success with its private equity investments. the profits and growth at di have been driven by our pioneering vision for masharie, and a result of strategic and calculated acquisitions and exits from various businesses at appropriate time, and we achieved profits of over dh108 million through divestments.” he added: “we remain optimistic towards continued long-term growth prospects of masharie, as the private equity market regains confidence, with discussions and interest in new deals on the rise. the investment activity will continue to increase this year and a more sophisticated approach will improve individual asset returns and safeguard future funding.”
Masharie’s divestments over the last nine years include metrofile middle east, emirates explosives, gulf printing & publishing, thermoset technologies, stromek emirates foundations, al arif contracting co. & power factor facilities management, anchor allied factory limited & inter chemi international; with return on investments varying between 100 per cent and
600 per cent.
Following these successful private equity investments, the company believes that the gcc offers a strong growth opportunity as robust macro-fundamentals continue to drive the region’s economic road to recovery, fuelled by dubai’s successful bid to host expo 2020 and a resurgent stock market across the region.
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