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Wednesday, 25 November 2009 11:43 UAE time

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Kuwait's Dar close to UK deal

by ArabianBusiness.com staff writer  on Sunday, 08 April 2007

Kuwait's Investment Dar is being tipped to make a major UK acquisition within the next two weeks.

Sources close to the company suggest that chairman Adnan Al Musallam (pictured) may be close to snapping up a financial services company, as the group looks to broaden its overseas interests. Last month it was part of a consortium that took over luxury UK car manufacturer Aston Martin buying 50% alongside a consortium of other buyers. Investment Dar already has US$15bn invested in a range of businesses, including the Bahrain Islamic Bank.

Executive vice president Amr Abu El Seoud told Arabian Business: "We like UK assets. It's one of the safest places to do business and is the financial capital of the world."

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