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."
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