LONDON, UNITED KINGDOM -- (Marketwired) -- 06/20/13 -- In an interview with the Organisation for Economic Co-operation and Development (OECD), international businessman and philanthropist Victor Dahdaleh stressed the need for diversified portfolios and strong balance sheets as businesses battle to ride out the global economic downturn.
The 69-year old chairman and owner of Dadco Group Ltd - a privately owned investment, manufacturing and trading firm - boasts a long history of successful trading in some of the world's most volatile commodity markets.
In response to questions about Dadco's resilience in the face of the strong market fluctuations of recent years, Dahdaleh said: "Our long term strategy, based on what we feel are likely to be the major commercial challenges in the long term, is to identify growth potential and pursue greater diversification.
"We currently have several projects in the pipeline - predominantly in agribusiness, minerals and sustainable energy. Thanks to our experience in a wide range of heavy industries, we are able to draw on a considerable network to bring the relevant parties together and to penetrate exciting new markets."
Dahdaleh also emphasised the importance of a strong balance sheet at a time of economic uncertainty.
"When markets are unstable and credit is scarce, financial health is a prerequisite to weathering the storm and continuing to attract investors," he said.
Notes to editors
1. Victor Dahdaleh, a 69 year-old Canadian national based in London and Switzerland, is owner and chairman of Dadco and affiliated companies. Dadco is a privately-owned investment, manufacturing and trading group. Its founding company was established in 1915. Dadco has operations and investments in Europe, North America, the Middle East, Africa and Australia.2. Official Website: www.victordahdaleh.com/
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