Tamer Bazzari

Genero Capital, a Dubai-based investment company, has reported profit for last year and also announced three investments that they made in 2012 in financial services, restaurant retailing and commercial real estate.

Genero Capital, with Tamer Bazzari as founder and CEO, announced a net profit of around $600,00 for the 8 months ending December 2011. Prior to founding Genero, Mr. Bazzari spent 8 years with Rasmala Investment Bank.

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Genero Advisory has announced the launching of its operations in the UAE. The new investment company, led by Tamer Bazzari, ex-CEO of Rasmala, will focus on mergers and acquisitions, private placements, restructuring and private equity in the Middle East.

Prior to founding Genero, Mr. Bazzari spent 8 years with Rasmala Investment Bank before he resigned from his CEO position in November 2010. He has 17 years of experience in investment banking, private equity and corporate advisory.

To see more investment firms like Genero check our Middle East Investors Directory

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Two Middle East private equity firms, Siraj and Rasmala, have announced funds targeting Saudi Arabia.

Siraj Capital, a Saudi private equity firm, will set up a $100 million private equity fund to acquire small and medium-sized firms in the kingdom - according to the Reuters. The firm will use the fund to make three to four acquisitions in the hospitality, food and beverage sectors, as well as the service industry sector. (Last year, Siraj Capital made three investments in Saudi Arabia, including Saudi fashion brand Lomar, telecommunications contractor and systems integrator Delta United and Holiday Inn Express hotels)

Dubai investors of Rasmala Investments, a Dubai private equity firm, also plans to spend about one-third of proceeds from a planned private equity fund for investments in Saudi Arabia. Rasmala plans to close this year a private equity fund with a target of $350 million, which is focused on investing in the Gulf countries and Egypt.

Siraj Capital is listed in the Middle East Investors Directory with the code BD32 and Rasmala is listed with the code OR48.

More details from the Reuters stories follows