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Instrata Capital Bahrain gets Licence

Instrata Capital has been granted an investment firm licence from the Central Bank of Bahrain (CBB). Instrata Capital will identify, structure and manage investment products that are unique within the region. Instrata Capital is a newly formed Bahrain-based investment management company.

While maintaining a broad view of investment opportunities in the GCC and Mena, Instrata Capital will focus initially on private equity investment in sectors including utilities, transportation, and social and industrial infrastructure, the company said in a statement.

Within the first three years of operation, Instrata Capital expects to have approximately $1 billion of funds under management invested in a portfolio of regional companies and projects.

The region's infrastructure sector is among the fastest growing, with the GCC countries alone projected to spend over $545 billion on infrastructure development over the next 10 years, said the company.

Such rapid development is being facilitated by high fiscal surpluses, the corporate investment required for the expansion of many industrial and processing companies as well as the need for governments to meet the demands of the region's fast growing population for access to a broad range of services.

These factors, coupled with increasing opportunities for private sector participation in infrastructure development, make this a time of unprecedented opportunity for regional and international companies as well as privately managed infrastructure projects in which Instrata Capital intends to invest, it said.

Among Instrata Capital's founding shareholders is Kuwait Investment Company (KIC), the first and largest investment company in Kuwait, majority owned by the Kuwait Investment Authority.

Another firm is Sage Capital Management Group (Sage), a Bahrain-based management and business administration consultancy involved in the oversight of a broad portfolio of investment holdings on behalf of its shareholders in various industries such as financial services, hospitality and hotel management and consumer goods manufacturing among others.

'Today represents a milestone for Instrata Capital as we establish the foundations upon which we can capitalise on investor demands for innovative and alternative investment products within the strong regulatory environment provided by the CBB,' said KIC chairman Bader Nasser Alsubaiee.

'Alongside Sage and other investors, we have created a unique platform through which we can offer new and compelling investment opportunities.

'Instrata Capital will initially provide investors, who do not have access to the specialist skills necessary to evaluate, structure and arrange direct infrastructure investments, with regional infrastructure investment products supported by a highly experienced investment team.

'Infrastructure investment offers strong potential for growth and superior returns as well as effective portfolio diversification.

'We are confident that Instrata Capital is well positioned to maximise the opportunities that exist in the GCC and Mena infrastructure sector and to provide significant value to shareholders, clients and the companies and projects in which it will invest.'

Instrata Capital will work in conjunction with KIC in the development and distribution of its investment offering.

It will soon hold the first meeting of its founding shareholders, at which time it intends to formally appoint a board of directors and senior management team.-(TradeArabia News Service)

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