Investcorp supports Oman’s economy

Business Bureau, Gulf Today

Investcorp, a leading global provider and manager of alternative investment products, held its Board of Directors meeting in Oman, which marks the second time the firm has convened its Board in the Sultanate in the last two years.

Mohammed Alardhi, Executive Chairman of Investcorp, said: “Oman has always been a key market for Investcorp, and we have maintained many longstanding relationships in the Sultanate that date back to our Firm’s inception.

We are committed to supporting Oman’s continued growth and we are constantly exploring investment opportunities in the Sultanate, particularly for our private equity and infrastructure businesses.”

He also added: “We believe that Oman has a bright future given the strong foundation and leadership of His Majesty Sultan Qaboos bin Said al Said, whom we mourn along with the rest of the world while expressing our deepest condolences to the Omani people.”

The meeting represented Investcorp’s first Board meeting in the calendar year 2020 and follows the appointment of six new independent directors to the Board in September 2019 who are international professionals with a diverse range of skills and expertise to further assist the development of the Firm.

During the meeting, the Board discussed the Firm’s progress executing on its growth and diversification strategy, including its expansion in Asia. The meeting also addressed opportunities and challenges across global markets as well as the promising long-term potential of Oman’s 2040 Vision.

Alardhi, concluded, “We are confident that Oman will continue to thrive over the long-term with His Majesty’s Haitham bin Tariq Al Said’s leadership and as the Sultanate advances its 2040 Vision.”