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Capivest , CapCorp eye Kuwait market.

Byline: Manama

(Image: capivest.gif )

Capivest Bank (Bahrain) and CapCorp Investment Company (Kuwait) have signed an underwriting agreement to invest in AIAP Qatar with an eye on the Kuwaiti market.

A joint venture founded by Capivest and its strategic partners in Qatar, theAIAP Qatar is a multi-million dollar investment opportunity specialised in transportation, earth movement, and the heavy equipment industry in the State of Qatar.

AIAP Qatar is expected to become one of the leading significantly capitalised transportation and earth movement services companies in Qatar and beyond.

'We at CapCorp wanted to emphasise our faith in this investment opportunity by signing an underwriting agreement with Capivest,' said CapCorp deputy chief executive officer Alaa Al Roumi.

'We view the underwriting agreement as a formal endorsement for AIAP Qatar in Kuwait.'

'Both parties have a strong belief that AIAP Qatar will achieve rewarding results for high-net-worth individuals and institutional investors in Kuwait, as well as in other GCC countries,' added Capivest executive director wealth management Talal Kaiksow.- TradeArabia News Service

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Publication:TradeArabia (Manama, Bahrain)
Date:Jun 24, 2008
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