NBK Capital plans MENA investment vehicle
Manama : NBK Capital announced it will launch its MENA Real Estate investment vehicle which is in its final stages of registration with the Central Bank of Bahrain.
The MENA Real Estate investments platform, according to NBK, will augment MENA Private Equity and Private Credit investment businesses that fall within the scope of the alternative investments division at NBK Capital Partners, a wholly-owned subsidiary of NBK Capital, the latter being the operator and investment manager of the MENA Real Estate Investments vehicle.
“Our MENA Real Estate platform focuses on aggregating a portfolio of existing income-producing assets and delivering a stable yield to investors. We are actively pursuing opportunities in defensive sectors like Education, Healthcare and Logistics across the entire GCC,” said Yaser Moustafa, Senior Managing Director of NBK Capital Partners.
Khalid Al Rumaihi, Chief Executive of Bahrain Economic Development Board (EDB) welcomed NBK Capital’s venture and said: “We see excellent potential for investment both in Bahrain and across the region, supported by the strong pipeline of infrastructure projects across the region.
“There are around $2 trillion of infrastructure projects planned in the coming years across the region,” Al Rumaihi said pointing out that in Bahrain that figure is over $32 billion - of which real estate is an important component.
“We look forward to welcoming more Kuwaiti companies to their brotherly Kingdom,” he added.
Bahrain is home to over 400 licensed financial service companies, with total banking sector assets of approximately US$190 billion. It is also home to more than 2,500 authorised Funds with a net asset value of US$7.48bn and around 70 locally-domiciled funds with a net asset value of approximately US$3.2bn.
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