Business | Investment
M'Sharie expands portfolio with investment in adhesives firm
M'Sharie, private equity company in the Gulf region and a subsidiary of Dubai Investments PJSC, announced an equity investment in Anchor Allied in the UAE. M'Sharie acquired a 51 per cent stake in the Sharjah-based company.
- Staff Report
- Published: 13:48 October 13, 2008
Dubai: M'Sharie, private equity company in the Gulf region and a subsidiary of Dubai Investments PJSC, announced an equity investment in Anchor Allied in the UAE. M'Sharie acquired a 51 per cent stake in the Sharjah-based company.
Abdul Aziz Al Serkal, Managing Director of M'Sharie, and Hussain Nalwala and Ahmedali Nalwala, the founding partners of Anchor Allied, signed the partnership agreement.
"Anchor Allied is a strategic addition to M'Sharie's growing portfolio of successful business units," Al Serkal said, explaining the rationale behind the investment.
"Anchor Allied has a strong management team, and M'Sharie will be able to contribute significant value to the company's operations and accelerate its business growth by providing complementary skill sets."
Share this article
More from Investment
More from Business
Popular in Business
-
Global Village
A world of fun
Revamped layout featuring four cultures to greet visitors this season
Business Editor's choice
-
Lloyds chief banks on yes vote
Stress levels were running high for Daniels ahead of bank's record venture
-
LED backlighting to brighten up industry
World Cup soccer fever spurs sales in Middle East, Africa, Asia-Pacific and China
-
Koreans win $10b worth of contracts
Bilateral trade to pick up on higher demand, Korean official says
