DUBAI: Masharie LLC, a private equity arm of Dubai Investments, said it expects the top line from its portfolio to reach at Dh750 million in 2014, up 36 per cent on year, due to surging demand in construction and real estate.
The company said it is targeting 20-25 per cent growth over the next three years, and its sustained growth trajectory is a result of improved market sentiments combined with niche ability of its group companies.
“With strong order books of our companies in the midst of the ongoing construction boom in the region, we are well placed in achieving phenomenal growth in 2014, and beyond,” Khalid Al Jarwan, general manager of Masharie LLC said.
Masharie said its revenues in the first half of 2014 has surged to Dh300 million, a 16 per cent increase compared to Dh257 million in the same period last year.
Masharie is eyeing significant forays in the range of Dh60-100 million in consumer, health and hospitality sectors.
“We are currently eyeing some direct investments opportunities in targeted growing sectors which will further boost our profitability, and to continue delivering solid returns for our shareholders and investment partners,” said Al Jarwan.
Masharie currently owns 12 companies in its portfolio representing a wide businesses.
