Saudi Arabia-based Alkhabeer Capital has made its second investment in the United Arab Emirates’ industrial sector by picking up a majority stake in Express Publishing and Investment.
The company, which was founded in 1990, makes corrugated and flexible packaging products including drinks bottles and aluminium foil lids.
Alkhabeer executive director and CEO Ammar Shata said, “Our investment in Express Group demonstrates once again the expertise of our private equity business in terms of creating mutually attractive partnerships with ambitious business owners that have a solid track record in the Gulf.
“I look forward to working with Express Group’s shareholders and management team in the coming years and I am confident that our partnership will deliver significant value for all parties involved as we continue to grow the business”.
In September Alkhabeer bought a strategic equity stake in Anchor Allied Factory from Masharie, an investment subsidiary of Dubai Investments PJSC.
The investment was made through Alkhabeer’s Asset Management private equity division to help Anchor Allied and further expand its footprint within Saudi Arabia, Shata said at the time.
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