Fajr Capital, the sovereign-backed private equity investment firm focused on high-growth Organisation of Islamic Cooperation (OIC) markets, has been recognised as the “Best Private Equity House in the Middle East” at the 2015 EMEA Finance Achievement Awards.
Together with its portfolio companies, Fajr Capital today employs over 15,000 people across the OIC region – with operations in the Gulf Cooperation Council (GCC) markets, Algeria, Brunei Darussalam, Egypt, Indonesia, Malaysia, Turkey and Turkmenistan. The EMEA Finance accolade marks an eventful twelve months for Fajr Capital, with the company closing five strategic, high-profile investments in 2014, including: GEMS Education, the world’s largest provider of K-12 private education, and National Petroleum Services, one of the largest regionally-owned oilfield services companies.
Tim Burke, Editor of EMEA Finance said: “Fajr Capital’s deals in 2014 showed more than just a knack for spotting a financially viable target. The firm is helping its portfolio companies to enter a new stage of development, whether that means bolstering their corporate governance regimes or tapping into new growth markets.”
“We are delighted to receive yet another prestigious and coveted award,” added Adib Al Zamil, Chairman of Fajr Capital.“2014 proved to be a landmark year for Fajr Capital as we made several high-profile investments and continued to connect the financial economy with the real economy in our constituent markets. We invest into partnerships and into a vision for the future – and I am therefore very pleased that the award recognises Fajr Capital’s commitment to creating enduring value for our shareholders and the communities we serve. I look forward to working with my dedicated colleagues at Fajr Capital to continue investing in the OIC region’s potential.”
The EMEA Finance Achievement Awards are now in their eighth year and recognise the most notable transactions and the firms behind them across a variety of markets and sectors. Nominated by industry stakeholders, including banks and their clients, and chosen by the EMEA Finance editorial team, the award winners exemplify the innovative work taking place across the EMEA region. More information on the publication and the awards can be found at www.emeafinance.com.