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Anand Krishnan, COO, DIC & acting CEO, DIC Emerging Markets, with Faizal Kottikollon, Founder & CEO, KEF Holding |
Dubai International Capital LLC ('DIC'), the international investment arm of Dubai Holding, today announced the acquisition of a 45 per cent stake in UAE-based KEF Holding ('KEF'), provider of steel castings by its Emerging Markets division.
Sameer Al Ansari, Executive Chairman & CEO, DIC, said, "Today's acquisition of KEF Holding reinforces DIC's commitment to investing in outstanding Middle East businesses that combine strong growth potential with an experienced management team."
DIC's investment in KEF Holding further diversifies its portfolio of market-leading companies and is in line with DIC's strategy to focus on the emerging markets and Asia as key drivers of growth.
