(MENAFN- Muscat Daily) Muscat- Investcorp, a leading global provider and manager of alternative investments, held its board of directors' meeting in Oman on Wednesday.
The meeting, which took place in Shangri-La Al Husn Resort & Spa, marks the first time the firm has convened its board in the sultanate, according to a press release.
Addressing the board members, Mohammed Alardhi, executive chairman of Investcorp, highlighted the importance of Oman to Investcorp. He said, 'Oman has always been a key market to Investcorp, so it was only natural for us to hold this meeting here. Our relationship with the sultanate goes back to the inception of the firm. We pride ourselves with the long-lasting relationships we have with our shareholders and investors in Oman. We see a lot of potential in Oman's economy and we are constantly exploring new opportunities to support its development and diversification efforts.'
Ahead of the meeting, Investcorp hosted a dinner for the board members and a group of distinguished Omani business leaders. During the dinner, Alardhi talked about Investcorp's ongoing commitment in supporting the next generation of business leaders in Oman. He announced the firm's various initiatives to promote executive education amongst young Omanis, including its recent partnership with INSEAD Business School and the Insights Forum in Bahrain in partnership with Columbia University.
During the same week, Investcorp will be partnering with the Oman's Ministry of Defence Pension Fund to host a private equity masterclass for a group of senior investment professionals from the sultanate's pension funds.
As of June 30, 2017 Investcorp Group had US$21.3bn in total assets under management (AUM), including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis ofAUM.
Since its inception in 1982, Investcorp has made over 175 corporate investments in the US, Europe and the Middle East and North Africa region, including Turkey. These investments were made across a range of sectors including retail and consumer products, technology, business services and industrials.
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