News Column

Investcorp eyes 15-20% profit growth

February 2, 2014

Investcorp Bank , the Bahrain -based investment firm managing about $11.5 billion , is targeting average annual profit growth of 15 to 20 per cent in the next five years after fiscal first-half net income gained. The company is looking at investments in the retail, healthcare, education, and downstream energy industries in the Gulf Cooperation Council region and Turkey , Chief financial officer Rishi Kapoor told reporters on Sunday in Dubai . It's also looking at investments in US real estate assets and in Europe . Compiled from staff report and agency

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Source: Khaleej Times (United Arab Emirates)

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