Dubai Group, the leading diversified financial services company of Dubai Holding, has completed a successful exit from Egyptian Fertilisers Company (EFC) through its regional investment management company, Dubai Capital Group.

Dubai Capital Group sold its 15 per cent stake in Egyptian Fertilisers Company to Orascom Construction & Industries (OCI) as part of the recent transaction between OCI and Abraaj Capital.

Through this exit, Dubai Capital Group has realised an internal rate of return of 105 per cent, returning 5.75 times its original investment in less than three years.

“Our successful exit from Egyptian Fertilisers Company underscores our exemplary track record in the region. In early 2007, we were pleased to help facilitate Abraaj Capital’s 100 per cent acquisition of Egyptian Fertilisers Company, resulting in 226 per cent return on equity for us. Through our final exit, which is worth Dh720 million ($196 million)  from this investment, we have delivered further exceptional returns and value for our investors.,” said CEO of Dubai Capital Group, who stepped down from the EFC board due to the exit, Mustafa Farid Geninah.

By focusing on strategic investments in public equity, green fields, growth capital and leveraged buy-outs, Dubai Capital Group has become a leading investor in the MENA region.

Dubai Capital Group has also partnered with the Qatar Investment Authority in June 2007 to structure the region’s largest joint venture investment company with $1 billion in capital. – TradeArabia News Service