13 January 2007
Dubai: M'sharie LLC, the private equity arm of Dubai Investments PJSC (DI), has recently announced that it has added a new company to its acquisitions portfolio, signifying its ongoing commitment to diversifying its investments. The move sees M'Sharie acquiring a 51 percent equity share in International Rubber Company (IRC), a leading regional producer of rubber and plastic products. We are delighted to finalize this deal as IRC is a well established, highly reputable company with many notable clients and years of expertise. This innovative company represents a valuable investment opportunity as IRC has the capabilities of providing tailored solutions to service the huge potential within the construction industry," said Abdul Aziz Al-Serkal, Managing Director, M'sharie.
Dubai: M'sharie LLC, the private equity arm of Dubai Investments PJSC (DI), has recently announced that it has added a new company to its acquisitions portfolio, signifying its ongoing commitment to diversifying its investments. The move sees M'Sharie acquiring a 51 percent equity share in International Rubber Company (IRC), a leading regional producer of rubber and plastic products. We are delighted to finalize this deal as IRC is a well established, highly reputable company with many notable clients and years of expertise. This innovative company represents a valuable investment opportunity as IRC has the capabilities of providing tailored solutions to service the huge potential within the construction industry," said Abdul Aziz Al-Serkal, Managing Director, M'sharie.
IRC is a UAE-based company that produces and markets synthetic polymer rubber and plastic products specifically catering to the property development industry. The company produces high quality weather strip and associated products including structural, container and automotive seals, moulded rubber items, plastic items and PVC water-stops.
"This is a great opportunity for IRC to entrench our position in the UAE markets and continue to drive our expansion internationally," said Hashim Al-Hashim, managing director, IRC.
© The Saudi Gazette 2007
