Abu Dhabi’s Marya Group invests $1 bln, mulls IPO

10/08/2016 Argaam

Abu Dhabi-based Marya Group is considering an initial public offering (IPO) after its investment portfolio crossed $1 billion, Bloomberg reported, citing the chairman, Hasan Ismaik.

 

The company is looking to raise its investments through regional and international acquisitions and partnerships, said Ismaik, who is the former CEO of Dubai-listed Arabtec Construction.

 

Marya Group – which invests in sectors like education, health care, real estate and food & beverage in the Middle East, Europe, and America – also plans to list on a “major” stock market, he added.

 

Ismaik left Arabtec, the UAE’s largest construction firm, in 2014, selling part of his stake in the contractor to Abu Dhabi-based Aabar Investments for $962 million.

 

He still holds about 12 percent of Arabtec shares and is the second-largest investor in state-controlled Aabar, according to Bloomberg data. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.