Eltizam Asset Management Group, a leading physical asset management company in the GCC, is looking to acquire companies from multiple sectors including Facilities Management, Owners Association Management and Property Management within the country and throughout the GCC in order to further enhance their position within the regional market.

The company has demonstrated its intentions to fulfil this vision by assigning a value of AED 200 million for M&A (mergers and acquisitions) activity, with expansion in Oman, Kuwait and Kingdom of Saudi Arabia (KSA) already planned through strategic JV’s and M&A agreements. Eltizam is currently in discussions with a number of companies, with the aim of finalizing deals by the end of the year.

Chris Roberts, Chief Executive Officer, Eltizam Asset Management Group, said: “As a leading provider of strategic management services, we want all services that our clients may seek to be available with Eltizam – essentially allowing us to not only control the asset but also protect the asset to ensure its managed and maintained in line with best practice, this, in turn, allows us to enhance the asset and reduce the overall cost base providing much better returns to investors in any asset class. We believe this significant value of AED 200 million for M&A will contribute significantly to benefit both our clients and customers.” Eltizam sees M&A as the natural strategic next step, in order to further expand its service platform which is underpinned by strong service excellence, operational standards and technology pillars, while leveraging robust shared services that joining entities will be able to benefit from.

Chris added: “This strategic move will also bring us closer to our mission of achieving exceptional customer happiness in an engaging, safe and secure environment; sustainably delivered through innovative tech solutions by our trusted and talented professionals and partners. Ultimately, we are constantly working to ensure we maintain a strong customer service ethic and continue to fulfill our commitment to achieve customer happiness and to bring life to the communities and assets which we serve.”

Established in Abu Dhabi in 2009, Eltizam Asset Management underwent restructuring into the current group of companies in 2014. This was done to better serve clients with an improved integrated selection of real estate services and to expand throughout the region.

-Ends-

Eltizam Asset Management
Eltizam Asset Management Group, one of the leading physical asset management companies in the UAE, provides best-in-class asset management services to clients across a wide range of industries and sectors. The company offers holistic services through its subsidiaries Three60 Communities and Tafawuq Facilities Management. Tafawuq Facilities Management coordinates and oversees the maintenance of all facilities and delivers tailored solutions to suit clients’ needs. Three60 Communities provides community and property management solutions and a full spectrum of community management activities. Three60 Communities also offers its services through Three60 Leisure, Three60 Energy, and Three60 Real Estate, while Tafawuq Project Services operate under the umbrella of Tafawuq Facilities Management.

For further information, please contact:
Orient Planet PR & Marketing Communications
P.O Box: 500266
Dubai, United Arab Emirates
Tel:  00971 4 4562888
Email: media@orientplanet.com
Website: www.orientplanet.com 

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.