Kuwait Investors - VC, Private Equity and Real Estate

Kuwait investors of Taameer Real Estate Investment have acquired a plot of land in Morocco for $53 million to develop a real estate project - Kuwait News Agency reports.

The project will involve the construction of a hotel, a mall, villas, and residential apartments, Fawaz Al Bader, the company's chief executive said, according to Zawya Dow Jones, adding that the plot of land, valued at KWD1.2 million, covers an area of 35,000 square meters in Tangier city.

To see more Real Estate investors from the Middle East like Taameer, check our Middle East Investors Directory

Dimah Capital, a Kuwait based investment firm, has announced its first acquisition of a real estate in Britain for $70 million.

They acquired the students' village of Parham Road in Canterbury, consisting of 16 buildings of student housing. Dimah Capital, with Sameer Al Gharaballi as Vice Chairman and Managing Director, used to be called Beyoo Investment and is majority owned by Al Imtiaz Investment which is also a Kuwait based investment firm.

Al Imtiaz Investment is listed in the Middle East Investors Directory with the code BFD16.

More details follows:

The Kuwait-based Warba Bank has announced acquisition of the new headquarters of British Telecom located in the town of West Bromwich in the UK for $33 million.

This is in-line with their acquisition in New York a couple of weeks ago in which they announced the conclusion of a financing deal to purchase a property and develop it into a multi-family residential complex by Criterion Group based in New York. A total of 24 percent of the stocks of this bank is held by Kuwait Investment Authority (KIA).

To see more Real Estate investors from the Middle East like Warba Bank, check our Middle East Investors Directory

More details on both real estate transactions follows

Burgan Bank, the commercial banking arm of Kuwait's largest investment firm KIPCO, announced that it has acquired stake in Eurobank Tekfen Turkey from its Greek owners for $350 million.

The total consideration will be funded fully from Burgan's existing internal cash resources. The Bank has extensive geographic coverage within Turkey through its network of 60 branches.

KIPCO is listed in the Middle East Investors Directory with the code OR35.

More details follows from the companies involved:

Continue reading "Kuwait investors acquired stake in Turkish bank for $350 million" »

Kuwaiti firm Alshaya has acquired 60 La Senza UK stores from the administrators of the lingerie chain.

Alshaya said it planned to invest about 100 million pounds in the business. It acquired the company from Lion Capital, a private equity firm.

To see a list of investment firms from the Middle East similar to Alshaya check our Middle East Investors Directory

More details follows from the Reuters

Continue reading "Kuwait firm Alshaya acquired La Senza UK out of administration" »