KUWAIT CITY, April 5: NBK Capital has announced that it will launch its MENA Real Estate investment vehicle that is currently in the final stages of registration with the Central Bank of Bahrain. The MENA Real Estate investments platform will augment the highly successful MENA Private Equity and Private Credit investment businesses that fall within the scope of the alternative investments division at NBK Capital Partners, a wholly-owned subsidiary of NBK Capital, the latter being the operator and investment manager of the MENA Real Estate Investments vehicle.
NBK Capital Partners is renowned for identifying attractive investment opportunities across the MENA region via teams of experienced investment professionals situated across their four regional offices. In doing so, it identifies the most suitable jurisdiction for its ventures and takes into account the financial services ecosystem, business infrastructure, and regulatory environment. “Our MENA Real Estate platform focuses on aggregating a portfolio of existing income-producing assets and delivering a stable yield to investors. We are actively pursuing opportunities in defensive sectors like Education, Healthcare and Logistics across the entire GCC” said Yaser Moustafa, Senior Managing Director of NBK Capital Partners.
Moustafa described the reasons for choosing the Central Bank of Bahrain’s Collective Investment Undertaking framework for the launch of NBK Capital’s latest investment vehicle as “our longstanding relationship and positive experience with the regulator, its suitability for the intended investment strategy, and the familiarity of regional investors with Bahrain-based funds.” Khalid Al Rumaihi, Chief Executive of Bahrain Economic Development B o a r d (EDB) welcomed NBK Capital’s venture and said: “We are very pleased that NBK Capital has decided to base its investment vehicle in Bahrain. We see excellent potential for investment both in Bahrain and across the region, supported by the strong pipeline of infrastructure projects across the region.
“Across the region there are around $2 trillion of infrastructure projects planned in the coming years and in Bahrain the figure is over $32billion – of which real estate is an important component. We look forward to welcoming more Kuwaiti companies to their brotherly Kingdom.” B a h – rain is home to over 400 licensed financial service companies, with total banking sector assets of approximately US$190 billion. It is also home to more than 2,500 authorised Funds with a net asset value of US$7.48 billion and around 70 locally-domiciled funds with a net asset value of approximately US$3.2 billion.