Investcorp of Bahrain is on an expansion quest in the Gulf region, choosing to be closer to home compared to previous thrusts into Asia and Africa for new business and ventures. In an announcement, the company has claimed to have fully recovered from the global recession, acquiring nearly US$1 billion in assets worldwide in the latter half of 2012.
According to President of Gulf Business, Mohammed Al-Shroogi, "Investcorp has come out of the crisis- right after 2009 we were out of the tunnel, not crawling but, I think, running." He added in an interview with Arabian Business, the firm would be opening offices in Dubai and Doha, Qatar within 2013. The company is also looking at a number of investment opportunities in Dubai and Saudi Arabia, Kuwait and Turkey.
Currently, Investcorp has a portfolio of US$11.5 billion in assets with a client list of nearly 500 individuals and corporation in the Gulf area.
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