Direct Investment - Middle East Private Equity
RAK PETROLEUM COMPANY
RAK Petroleum, established in 2005 with a capital of AED 5 billion, was
set up with the objective of initiating, participating, investing and developing
energy-related projects, assets, ventures and businesses in GCC and
international markets. The capital has been subscribed to by leading institutions
from the UAE, GCC and beyond, in addition to local and regional high net-worth
individuals and strategic partners.
RAK Petroleum transformed itself in late 2011 from an active exploration and production company with operations in seven concessions across three Middle East-North Africa countries to an investment vehicle by merging its oil and gas assets into DNO International ASA which is a Norwegian-listed company. Currently, RAK Petroleum holds 42.8% of DNO shares. With its experienced management team, the Company is focused on supporting DNO International’s growth strategies while looking for other attractively priced energy portfolios where RAK Petroleum’s regional expertise and roots can help unlock value.
The Government of Ras Al Khaimah has been a key promoter of RAK Petroleum
and is also a strategic investor. Bijan Mossavar-Rahmani is the Chairman of the Board of Directors and Chief Executive Officer of the company. Starling is a founder investor.
www.rakpetroleum.ae
AL SALAAM BANK
Incorporated in 2006 in the Kingdom of Bahrain with a paid-up capital of BD 120million ($318 million), Al Salam Bank operates under Islamic principles in accordance
with regulatory requirements for Islamic banks set by the Central Bank of Bahrain.
The Bank is committed to its role as a responsible corporate citizen, actively
seeking ways to contribute and add value to the social and economic well-being
of the communities in which it invests and operates. Al Salam Bank was listed on
the Bahrain Stock Exchange in April, 2006, and on the Dubai Financial Market in
February, 2008.
The merger of Bahraini Saudi bank (BSB) with Al-Salam bank-Bahrain (ASBB) has been completed according to the requirements of Bahrain Commercial Companies Law. Consequently, ASBB has taken over all the assets and assumed all the liabilities of BSB with effect from 25 April 2012 and BSB 's operations have been integrated with those of ASBB.
www.alsalambahrain.com
US FOODSERVICE
U.S. Foodservice is the second largest broadline foodservice distributor in the US.
A full service distributor, it has more than 27,000 associates in over 70 locations
nationwide. The company distributes food and related products to over 250,000
customers, including restaurants, hospitals, hotels, cafeterias, schools and colleges. The company markets and distributes more than 43,000 national, private
label, and signature brand items. It employs more than 29,500 foodservice
professionals and has annual sales of over $19 billion.
www.usfoodservice.com
SERVICEMASTER
ServiceMaster serves its residential and commercial customers through a network
of over 5,500 company-owned locations and franchised licenses. The core
services of the company include lawn care and landscape maintenance, termite
and pest control, home warranties, disaster response and reconstruction, cleaning
and disaster restoration, house cleaning, furniture repair and home inspection.
The company has annual revenues of almost $4 billion.
www.servicemaster.com
EMAAR THE ECONOMIC CITY
Emaar the Economic City (EEC) is a consortium that is headed by Emaar
Properties PJSC, a global real estate player, and a number of high profile
investors from Saudi Arabia. Its flagship development is the King Abdullah
Economic City (KAEC) in Saudi Arabia, in cooperation with the Saudi Arabian
General Investment Authority.
The SR100 billion ($26.6 billion) project will build a massive metropolis north of
the commercial hub of Jeddah, spanning 168 million square meters of land and
housing about 2 million people. The city will comprise a seaport, an industrial
zone, an educational zone, a commercial district, a financial district, a residential
district and resorts.
Emaar, the Economic City completed its initial public offering on the Tadawul in
August 2006.
www.kingabdullahcity.com/en/
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