May 17 2007 |
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Bahrain: BMCE raises $100m of Siyaha Fund
BMCE Capital
, the investment banking subsidiary of BMCE Bank, the second largest private bank in Morocco has successfully raised the first $100 million of its $250 million Maghreb Siyaha Fund. The fund will be closed by next month.
The Maghreb Siyaha Fund offers a variety of investment opportunities managed by multi-disciplined fund managers and experienced board of directors that have access to a huge network of deal flows, multifaceted expertise, financial products and off market transactions, whilst conforming with international standards and transparent policies.
"The expansion and development of the Maghreb region has been exponential in the past years, and the tourism and retail sectors specifically are forecasted to grow over six times by 2012, to reach over $20billion in investments," said Jaloul Ayed, Chairman of the Board, BMCE Capital and Maghreb Siyaha Fund.
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