Wednesday 8 July 2020
 
»
 
»
Story

Khalid Al Jarwan

Masharie targets 36pc growth in 2014

DUBAI, October 13, 2014

Masharie, the private equity arm of Dubai Investments, expects the top line from its existing portfolio to reach around Dh750 million ($204 million) in 2014, marking a 36 per cent growth over Dh550 million ($150 million) last year.

The company is targeting 20 per cent to 25 per cent growth over the next three years, said Khalid Al Jarwan, general manager of Masharie.

The sustained growth trajectory of Masharie is a result of improved market sentiments combined with niche ability of its group companies to execute and deliver outputs to strategic clients. Masharie also announced that its revenue in the first half of 2014 has surged to Dh300 million ($81.6 million), a 16 per cent increase compared to Dh257 million ($70 million) in the same period last year.

In terms of growth from new acquisitions, Masharie is eyeing significant forays in the range of Dh60 million ($16.6 million) to Dh100 million ($27.2 million) in consumer, health and hospitality sectors.

“We are optimistic on the long-term growth prospects of Masharie. With strong order books of our companies in the midst of the ongoing construction boom in the region, we are well placed in achieving phenomenal growth in 2014, and beyond,” said Al Jarwan.

“Masharie has healthy cash reserves which, combined with access to bank debts, places us in an enviable position to execute the envisaged growth in new acquisitions. We are currently eyeing some direct investments opportunities in targeted growing sectors which will further boost our profitability, and to continue delivering solid returns for our shareholders and investment partners,” he added.

Masharie currently owns 12 companies in its portfolio representing a wide array of businesses. – TradeArabia News Service




Tags: Dubai Investments | Masharie |

More Finance & Capital Market Stories

calendarCalendar of Events

Ads