Strong Financial & Strategic Backing, Amwal AlKhaleej a private equity firm focused on the Middle East and North Africa has acquired a majority stake in U-MARK a Saudi Arabia-based sports retailer and distributor of personal care and home appliance products. The transaction which took the form of a capital increase is intended to finance the company’s expansion in the sports retail personal care and home appliances markets. Financial details of the transaction were not disclosed.
Amwal AlKhaleej is a leading alternative financial investment firm with approximately USD 700 million of assets under management. The company started its operations in 2005 in Riyadh with offices in Dubai and Cairo and its team consists of some of the most knowledgeable financial investment specialists in the area. The firm has actually made financial investments in several high quality companies consisting of Gulf Insulation Group Arab Cotton Ginning Zohoor Al Reef Dubai Contracting Group U-MARK BodyMasters and numerous more.www.amwalalkhaleej.com