Dubai – Mubasher: Gulf Capital is currently considering several acquisitions and divestitures to be carried out towards the end of 2018, the firm’s CEO has revealed.
The company currently has three private funds, including two credit opportunities funds, Karim Solh told Al Khaleej newspaper, noting that Gulf Capital had investments in over 20 firms.
As these stakes grow and reach a certain stage in terms of profitability, Gulf Capital will consider selling them and distributing the resulting profits to its shareholders, Solh noted.
Gulf Capital primarily invests in three markets, namely, the UAE, Egypt, and Saudi Arabia, the top official revealed, adding that among the sectors the company sought to invest in were the food and healthcare sectors.
Even though the CEO named his firm's preferred markets, he did not mention where the stakes in question would be sold or which stakes the company was considering selling.
