|By TAP Staff|Saudi Arabia’s Al Khafra Holding Group has acquired a substantial equity position in Invescore Ltd, a financial advisory firm based in London. With the acquisition Sheikh Mubarak Al Khafrah becomes the new Chairman of Invescore.
This transaction strategically increases Invescore investment banking and direct investment capabilities as well as strengthening its presence in the Kingdom of Saudi Arabia and the GCC region.
The transaction was completed on July 15th and the financial terms of the agreement were not disclosed.
Francesco Costanzo, Invescore CEO, said the company will mainly focus on three areas: co-development of joint ventures with world class technology partners in Saudi Arabia and other GCC countries; international private equity investments and private placement of international funds.
Invescore (formerly Integration Capital and Trade Europe Ltd) is an international financial advisory firm which combines joint ventures and strategic alliances expertise with traditional and emerging market investment banking services.