(MENAFN - Arab News) Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, was named the Best Investment Company of the Year at the Arabian Business Achievement Awards 2012.
The firm received the honor at the event organized by Arabian Business Magazine to recognize the very best in Arab business achievements, both on a corporate and individual level.
The awards extravaganza witnessed an attendance of eminent business leaders and dignitaries from the UAE and the rest of the world, with winners including visionary leader, Charles Elachi, executive director of Jet Propulsion Laboratory, Consolidated Contractors Company (CCC), Emirates Airlines, RAK Bank, and Helal Al Marri of Dubai World Trade Centre, among others.
The Investment Company of the Year Award was presented to Karim El Solh, CEO of Gulf Capital, at the ceremony held in Dubai. Receiving the Award, El Solh said: "We are extremely proud to be recognized as the best investment company in the region. This award reflects our achievements and increasing activities in the private equity, credit and mezzanine and real estate arenas."
The awards had close to 900 nominations this year, and 15 winners were chosen from a shortlist of 300 entries by an independent panel of judges.
2012 has been a big year for Gulf Capital. The firm's status as one the most active investment firms and now the Best Investment Company in the region comes on the back of a successful year that witnessed three major acquisitions in the firm's private equity division in the power, health care and services sectors in the UAE and Jordan.
Gulf Capital has also launched a ground-breaking 300 million credit and mezzanine fund which already financed two large transactions in Turkey and the UAE.