AW Rostamani said its expansion to the UK is part of the organisation's goal to strengthen its global footprint through strategic acquisitions.
AW Rostamani has acquired a majority stake in Brayleys, a London and South East England car retailer, for an undisclosed sum.
With annual revenues in excess of $2 billion and a heritage of over 50 years, this marks the AW Rostamani’s first investment in the UK’s motor retail sector.
Three senior executives of AW Rostamani have joined the board of the company, with its founder and managing director Paul Brayley continuing to oversee the business with his current management team.
AW Rostamani said its expansion to the UK is part of the organisation’s goal to strengthen its global footprint through strategic acquisitions.
Khalid Al Rostamani, chairman of AW Rostamani, said: “We have been assessing various options for investments and identified Brayleys as a perfect fit to our vision. We will continue to explore new opportunities to help enhance our presence in the UK and focus on leveraging significant growth opportunities with Brayleys.”
AW Rostamani operates in a number of industry sectors across the UAE.
Its flagship subsidiary, AWR Arabian Automobiles, is the exclusive distributor for Nissan, INFINITI and Renault in Dubai and the Northern Emirates, totalling 21 showrooms and 16 service centres.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.