Mubasher: Mubadala Development Company agreed with Bahrain’s Investcorp to acquire a 20% interest in the company.
The two-step transaction sees the Abu Dhabi-Mubadala acquire a 9.99% ownership stake immediately, with a further 10.01% following necessary regulatory approvals, according to a recent statement.
This new investment should strengthen Investcorp’s shareholder base, which includes major institutional investors from the UAE, Bahrain, and Qatar, as well as prominent individuals and family offices.
“This investment is a validation of Investcorp’s blue-chip brand, our human capital, and our vision for the future. This is a positive step for our stakeholders, including our shareholders, investors and portfolio companies,” said Executive Chairman of Investcorp Mohammed Mahfoodh Alardhi.
