Falcon Cement Company

Capivest acquires 9% of Naseej and cash in deal totaling over $30m

Bahrain-based Capivest successfully closed $30m plus deal with Cemena Holding Company B.S.C. and now owns 9% of Naseej—a fully-integrated real estate and infrastructure Development Company to focus on mega projects in the Middle East and North Africa (MENA) region.
The deal that was closed last month and awarded Capivest cash in addition to the Naseej shares to settle the balance of the remaining dues from the sale of Falcon Cement Company to Cemena Holding Company in June 2008.

Syndicate content