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Fri 3 May 2019 10:02 AM

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UAE's Gulf Capital secures $136m financing, eyes new deals

Alternative asset management firm Gulf Capital says four-year facility will boost its liquidity and help it maintain its strong investment pace

UAE's Gulf Capital secures $136m financing, eyes new deals
Dr Karim El Solh, CEO of Gulf Capital.

Abu Dhabi-based Gulf Capital has announced that it has successfully closed a new long-term AED500 million ($136 million) syndicated revolving credit facility.

The alternative asset management firm said the new four-year facility will boost its liquidity and help it maintain its strong investment pace across the Middle East.

Dr Karim El Solh, CEO of Gulf Capital, said: “We are very pleased to be signing this long-term flexible revolver facility which will fully secure our current funding needs. Gulf Capital today is one of the best capitalised investment firms in the region and is evaluating a number of new investment opportunities across the region.”

He added: “We are looking forward to a productive 2019 as we maintain our investment pace and continue to work on a number of strategic exits over the coming year.”

Gulf Capital currently manages over AED11 billion of assets across eight funds and investment vehicles.

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