Business | Investment

Zabeel, Victorious Investment join forces

Dubai-based Zabeel Capital and Bahrain's Victorious Investment have launched a 100 million Bahraini dinar (Dh974 million) company to look for strategic investments.

  • Staff Report
  • Published: 23:55 October 23, 2008
  • Gulf News

Dubai: Dubai-based Zabeel Capital and Bahrain's Victorious Investment have launched a 100 million Bahraini dinar (Dh974 million) company to look for strategic investments.

Maalem Holding Company BSC is supported by a group of prominent regional investors, the two companies said in a joint statement.

They are joined by United Group Holding from Abu Dhabi, Tamdeen from Kuwait, Muscat Overseas from Oman and MEGA Holding from Bahrain.

"Maalem brings together some of the region's best established and knowledgeable investors as shareholders, to pursue the vision of creating a holding company that will seek returns in the growing regional markets," said Abdulla Al Zain, chairman of Maalem Holding and Victorious Investments.

"The GCC's solid econ-omic growth offers significant investment opportunities, even as the world financial systems try to cope with the effect of the recent economic condition. We still believe that the GCC as region has strong fundamentals and high potential," he said.

"The prospects available to Gulf Cooperation Council (GCC) countries through reciprocal investment and cross border partnerships can only strengthen our mutual positions, and allow for strong organic growth across the region," said Jbran Rahal, who is managing director at Zabeel Capital.

"Partnering with Victorious Investments in Maalem allows us to leverage the best strategic opportunities," he said.

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