Business | Shipping

Gulf Capital buys stake in Gulf Marine

Gulf Capital, a leading regional alternative investment firm, announced that it has acquired a 50 per cent stake in Gulf Marine Services LLC (GMS), one of the largest jack-up barge and support vessel operating companies in the UAE with a presence throughout the Gulf.

  • Staff Report
  • Published: 00:00 April 2, 2007
  • Gulf News

Dubai: Gulf Capital, a leading regional alternative investment firm, announced that it has acquired a 50 per cent stake in Gulf Marine Services LLC (GMS), one of the largest jack-up barge and support vessel operating companies in the UAE with a presence throughout the Gulf.

Dr Karim Al Solh, chief executive of Gulf Capital said: "Gulf Capital has been actively targeting investments in the booming regional oil and gas industry. GMS is a recognised leading operator of jack-up barges in this fast-growing sector in the UAE and is well on its way to becoming the dominant player in the Gulf region."

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