Monday 23 April 2018

NBK Capital buys into Saudi car rental firm

Kuwait, June 22, 2008

NBK Capital, the investment banking arm of National Bank of Kuwait, said on Sunday it has bought a 40 per cent stake in Saudi car rental firm Al-Talaa International Transportation Company (Hanco).

NBK Capital did not disclose the value of the deal in a statement. Amjad Ahmad, head of investment and merchant banking at NBK Capital, told Reuters in March the firm was aiming to make four acquisitions worth as much as $80 million for a $250 million private equity fund this year.-Reuters

Tags: Saudi | NBK | Stake | Hanco | car rental firm |

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