LONDON, August 10, 2015 /PRNewswire/ --
Invescore Ltd, a financial advisory firm based in London, is pleased to announce that Al Khafrah Holding Group, Saudi Arabia's leading investment company, has acquired a substantial equity position in Invescore. Sheikh Mubarak Al Khafrah is the new Chairman of Invescore.
This transaction strategically increases Invescore investment banking and direct investment capabilities as well as strengthening its presence in the Kingdom of Saudi Arabia and the GCC region.
On Monday 29th June 2015, at Sheikh Al Khafrah's offices in Riyadh, Invescore and Al Khafrah Holding Group executed the agreement. The transaction was completed on July 15th and the financial terms of the agreement were not disclosed.
Francesco Costanzo, Invescore CEO commented, "I'm delighted to welcome Sheikh Mubarak as a new shareholder and Chairman of Invescore and I look forward to working together to implement Invescore's ambitious growth plan. We will mainly focus on three areas: co-development of joint ventures with world class technology partners in Saudi Arabia and other GCC countries; international private equity investments and private placement of international funds."
Sheikh Mubarak Al Khafrah commented, "Al Khafrah Holding Group is keen to build and develop its current activities to diversify its investments locally, regionally and globally. We are very satisfied with this new partnership, we believe it will deliver the desired objectives and will strengthen our ability to enhance our returns. We, by partnering with Invescore, are looking forward to reviewing and subsequently entering into new investments and new markets, helping to bring into the Region the latest in new technologies and products."
Invescore (formerly Integration Capital and Trade Europe Ltd) is an international financial advisory firm which combines joint ventures and strategic alliances expertise with traditional and emerging market investment banking services.
Invescore specialises in bringing:
a) selective world class technology companies to the Gulf Cooperation Council ("GCC") countries of Saudi Arabia, Bahrain, Oman, Qatar, Kuwait and the United Arab Emirates and b) equity and debt capital from the GCC into European and US companies as foreign direct investment and strategic partnerships.
Invescore has built up a strong reputation executing significant technology transfer transactions in Saudi Arabia.
Al Khafrah Holding Group is one of the most dynamic Saudi Arabian investors. Sheikh Mubarak Al Khafrah is also Chairman of the National Industrialization Company (Tasnee), Saudi Arabia's second largest industrial company and one of the world's largest producers of titanium dioxide; Chairman of Saudi Hollandi Bank, the longest-established provider of financial products and services in Saudi Arabia; Chairman of Malath Insurance, Saudi's publicly listed leading insurance company; and board member of QInvest, Qatar's leading financial services firm with operations across the Middle East, Africa and Europe and one of the most prominent Islamic financing institutions in the world.
SOURCE Invescore and Al Khafrah Holding Group