M'Sharie expands portfolio with investment in adhesives firm

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."