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Capital Industries to plough Dh200 mil

Capital Industries and Investments (CII), a new private equity firm launched by UAE investors, said it will invest Dh200 million in 10 transactions in two years. Company officials said their strategy would be to own and buy stakes in small and medium-size firms (SMEs) that make products used in the construction sector.

"The unprecedented expansion in the UAE's construction industry has invigorated the related manufacturing sector and opened up new opportunities. This sector presents immense untapped investment potential," said company chairman Shaikh Sultan Bin Saud Al Qasimi, one the three contributors who have raised Dh200 million.

The other investors are Shaikh Majid Bin Saud Al Qasimi and Alliance Capital, a company headed by businessman Ziad Galadari. Shaikh Sultan said his company will target companies looking for "innovative funding solutions beyond what is offered by traditional commercial banking."
end post via Gulf News


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