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Saudi Arabia’s Alkhabeer Capital buys Anchor Allied from Masharie

16 Sep 2013

Saudi Arabian asset management firm Alkhabeer Capital has 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 and will help Anchor Allied further expand its footprint within Saudi Arabia and also focus on growth opportunities through vertical as well as horizontal integration, according to Ammar Shata, executive director and CEO, Alkhabeer Capital: “Our investment in Anchor Allied goes in line with our Corporate and Private Equity strategies at Alkhabeer.”

Established in 1993, Anchor Allied is one of the largest integrated producers and suppliers of adhesive tapes, silicone sealants and spray paints in the Middle East. The company has a large distribution network selling its products in over 43 countries including all GCC countries, the Indian Sub-Continent, Eastern Europe, the US, African countries and CIS countries.

Alkhabeer Capital, founded in 2008, is a boutique investment banking and asset management firm headquartered in Jeddah and regulated by Saudi Arabia’s Capital Market Authority. It provides financial products and services to help institutions, family groups and qualified investors access to and/or allocate capital into Shari’a compliant opportunities. Alkhabeer’s shareholders include prominent business groups from Saudi Arabia and other GCC countries.

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