29 June 2009
Global Investment House (GIH) in Jordan has been appointed financial advisor by Middle East Complex for Engineering, Electronics and Heavy Industries (Mece) to advise on its merger with the National Integrated Industries Complex (Niic).
This merger will be considered one of the largest in the Middle East in the field of electronics with potential combined assets reaching around 600 million Jordanian dinars (Dh3.1 billion).
Mece is a leading producer, trader, distributor and exporter of consumer electronics and electric home appliances in the region and collaborates with some of the biggest names in the global electronics industry. In addition, it manufactures, assembles and markets a wide range of electronic products under its own brands.
Global CEO Bader Al Sumait said: "This deal shows the commitment of privately-owned companies to driving the economic wheel forward and providing investors and consumers with high end-products."
Mece Chairman Osama Al-Khalili said: "The role Global will play in providing detailed financial analysis is esential, as Global is known for its financial advisory track record, professionalism and accuracy on the local and regional levels."
Global Investment House (GIH) in Jordan has been appointed financial advisor by Middle East Complex for Engineering, Electronics and Heavy Industries (Mece) to advise on its merger with the National Integrated Industries Complex (Niic).
This merger will be considered one of the largest in the Middle East in the field of electronics with potential combined assets reaching around 600 million Jordanian dinars (Dh3.1 billion).
Mece is a leading producer, trader, distributor and exporter of consumer electronics and electric home appliances in the region and collaborates with some of the biggest names in the global electronics industry. In addition, it manufactures, assembles and markets a wide range of electronic products under its own brands.
Global CEO Bader Al Sumait said: "This deal shows the commitment of privately-owned companies to driving the economic wheel forward and providing investors and consumers with high end-products."
Mece Chairman Osama Al-Khalili said: "The role Global will play in providing detailed financial analysis is esential, as Global is known for its financial advisory track record, professionalism and accuracy on the local and regional levels."
By Staff Writer
© Emirates Business 24/7 2009
