Bahrain's Investcorp reaffirms growth strategy

MANAMA: The impact of the Covid-19 pandemic has demonstrated the resiliency of Investcorp’s model, the Bahrain-based alternative investment manager’s executive chairman Mohammed Alardhi told shareholders yesterday.

The firm’s ordinary general meeting (OGM) of shareholders was held virtually via live webcast.

This came in line with public authority recommendations to contain the spread of Covid-19 and Investcorp’s commitment to prioritizing the health and well-being of its shareholders, employees and other stakeholders.

The meeting was led by Investcorp chairman Dr Yousef Al Ebraheem.

The OGM discussed and approved Investcorp’s business and financial performance for the fiscal year ended June 30, 2020.

Shareholders voted in favour of all matters put forth at the OGM.

“We appreciate our shareholders’ continued support and confidence in our business. While the impact of the Covid-19 pandemic has been challenging, it also demonstrated the resiliency of our model,” said Mr Alardhi.

“The progress we have delivered on the global growth and diversification strategy we launched in 2015, helped to offset macroeconomic headwinds. We believe that we are well-positioned to achieve our objectives of enhancing value for all of Investcorp’s stakeholders with our increasingly diverse, global platform, world-class team and record $32.2 billion of assets under management,” he added.

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