Oman's Ominvest unit acquires stake in EastBridge to expand in SE Asia

Jabreen Capital has entered into an agreement with EastBridge Partners Singapore to expand its private equity footprint in the South East Asia market.


Muscat- Ominvest’s fully-owned subsidiary Jabreen Capital has entered into an agreement with EastBridge Partners Singapore to expand its private equity footprint in the South East Asia market.

The agreement was signed by Sheikh Khalid Abdullah al Khalili, chairman of Jabreen Capital and Kevin Lim, chairman and founder of EastBridge Group Singapore, according to a press statement.

The acquisition of a significant stake in EastBridge Partners Singapore will further enable Jabreen Capital to tap into new investment opportunities, particularly in South East Asia.

Khalili said this partnership will support Jabreen’s long term vision of diversifying its portfolio and expanding into the global market.

Jabreen Capital was established as a private equity arm of Ominvest with a focus on international investments in key non-cyclical sectors such as education, healthcare, logistics, technology and consumer staples.

Jabreen Capital is one of the largest companies in Oman with total assets of over US$700mn.

Abdulaziz al Balushi, group CEO of Ominvest and deputy chairman of Jabreen Capital said, “We remain open to such collaborations to create value for Jabreen Capital’s shareholders and generate synergies for the overall group.”

Highlighting the importance of the collaboration, Anwar al Jabri, CEO of Jabreen Capital said, “We aim to reach out to a variety of international markets, enticing sound investments both here and abroad.

The South East Asia market is particularly attractive for a variety of reasons including favourable demographics, a growing middle class, as well as its proximity to major markets including Australia, China and India. We are pleased to enter into this strategic partnership with EastBridge Partners Singapore and begin serving our new market.”

EastBridge Partners Singapore focuses on mid-market investments and targets proprietary transactions, an area where the team has a substantial competitive advantage due to their longstanding experience, network and reputation in the market.

Lim, chairman and founder of EastBridge Partners Singapore said, “We are delighted to have Jabreen Capital as our partner. As an institutional investor with significant private equity experience in the Middle East, we foresee Jabreen Capital adding significant value to EastBridge Partners Singapore. This partnership will act as a bridge between the Middle East and South East Asia.

We will work closely together in raising funds, executing deals and creating value in portfolio companies and enhancing business.”


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