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."
More from Investment
More from Business
Business Editor's choice
-
Saudi-Bahraini economic ties hit new high
Whilst press reports continue speculating on a possible new political structure defining ties between Saudi Arabia and Bahrain, facts on the ground confirm ever- stronger economic ties between the two neighbours
-
Cupid targets the Fed with early tweets
Declarations range from pure romance to cute overtures and racier fare
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
