Friday 27 May 2016

NBK Capital buys stake in Hanco

Kuwait City, June 22, 2008

NBK Capital, the investment banking arm of National Bank of Kuwait, said on Sunday it has bought a 40 percent stake in Saudi car rental firm Al-Talaa International Transportation Co (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: NBK Capital | Hanco |

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