MANAMA: Dividend Gate Capital (DGC), a Bahrain-based private equity firm, has announced distribution of more than 50 per cent dividend for the last 16 months.
DGC chairman Talal Al Zain told the company’s ordinary and extraordinary general assembly at its head office in Bahrain Financial Harbour that leveraging its intellectual and financial capital, it stimulated growth in multi-sector companies within Bahrain as well as the wider GCC area.
“The private equity fund is well-diversified, encompassing a substantial portfolio of companies operating across various sectors including hospitality, healthcare, maintenance and construction,” he added.
To date, DGC has successfully acquired businesses including Fareeq Bin Aqool, Hong Kong Restaurant and Tea Lounge, Tikka & Kabab Amin, Gulf International Cooking Academy (GICA), CIMS and Driver Car Care.
The portfolio also includes Shine Beauty Lounge in Saar, Sprii – a Dubai-based e-shopping mall, and the innovative mobile application COFE.
“We strive to provide our partners at DGC with investment opportunities to accommodate the growing trend of seeking defensive investment funds, given their tendency to deliver a better performance,” said Mr Al Zain.
The firm’s co-founder and chief executive Khaled Al Hammadi said it would continue to work alongside established projects, businesses and SMEs on a local and regional level, offering them management support as well as advisory on best industry practices leading to capital growth.
“Our focus has been on projects that are scalable, to ensure their future success is achieved in a sustainable manner,” Mr Al Hammadi added.
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