Abu Dhabi: Gulf Capital, one of the largest and most active alternative asset management firms in the Middle East, announced today that it has successfully closed a new long-term AED 500 million syndicated revolving credit facility from its existing lenders. The new four-year facility will boost the Firm’s liquidity and help it maintain its strong investment pace across the Middle East.
Dr Karim El Solh, Chief Executive Officer 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. We believe there is a unique window today to secure promising investments at attractive valuations in high growth sectors across the Middle East.”
He added: “Gulf Capital has been particularly active over the last 18 months, with the successful closure of seven new and follow-on investments at the portfolio companies’ level across our private equity and private debt platforms. The Firm has been equally productive on the exit side, having secured and closed five exits during the same period. 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.”
Mr Wissam Daoud, Chief Financial Officer of Gulf Capital concluded: “Gulf Capital today has a robust balance sheet, and this new flexible line of credit will further enhance the Company’s liquidity and its ability to continue its investment activities across the region.”
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About Gulf Capital
Gulf Capital is one of the leading alternative asset management firms in the Middle East, investing across several asset classes including Private Equity, Private Debt and Real Estate. The Firm currently manages over AED 11 billion (US$3 billion) of assets across 8 funds and investment vehicles. Gulf Capital’s mission is to grow capital and build value with world-class expertise and best practices to generate sustainable superior performance for all stakeholders. It invests its own capital alongside its fund investors’ capital in all of the funds it launches. With its private equity, private debt and real estate initiatives, Gulf Capital is today one of the largest and most diversified alternative asset managers in the Middle East. The Firm has received numerous Middle Eastern and international awards, including “Best Private Equity Firm”, “Best SMEs Credit Fund”, “Best Alternative Asset Management Firm” and “Best Private Debt Provider in the Middle East.
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