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Wed 10 Aug 2016 02:01 PM

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Abu Dhabi investment firm says plans to list shares

Marya Group eyes IPO on one of world's major stock markets as it increases portfolio to more than $1bn

Abu Dhabi investment firm says plans to list shares

Abu Dhabi-based investment firm Marya Group has announced plans to list its shares on one of the world's major stock markets as it increased its investment portfolio to more than $1 billion.

Marya Group said in a statement that it will continue to increase the size of its investments through a number of strategic acquisitions and partnerships - both regionally and internationally.

Jordan businessman Hasan Abdullah Ismaik used Marya in 2011 to buy a stake in a German football club, after buying 49 percent of voting rights in TSV 1860 Munchen for 18m euros.

At the time, he said he was looking at further investments in Germany and would set up a fund of 200 million euros to focus on acquisitions and investments.

The company focuses on making private and public equity investments across sectors including education, healthcare, food and beverage processing as well as real estate.

Its investments are centred on select Middle Eastern, European, and American markets, it added. 

Ismaik, chairman of Marya Group, said: “Marya’s strategy is based on investing in a number of sectors that have been studied and carefully selected. Its investment philosophy, underpinned by a strong culture of risk management, is one of making prudent investments in sectors that are both resilient and poised to benefit from the global growth in population, to achieve the highest possible sustainable results while maintaining a studied rate of risk.

“The selection of the UAE as the headquarters for Marya Group is based on the country’s high ranking in various international competitiveness reports. The UAE has also become one of the most attractive destinations for investment worldwide and a key driver for ambitious development projects and large ventures.”

Ismaik said the Group’s future plans include listing its shares in one of the major stock markets.

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