Saudi Arabia-based Al Khafrah Holding Group, a leading investment company, has acquired a substantial equity position in Invescore, a financial advisory firm based in London.

Sheikh Mubarak Al Khafrah, chairman of Al Khafrah Holding is now the chairman of Invescore, a company statement said.

This transaction strategically increases Invescore investment banking and direct investment capabilities as well as strengthening its presence in Saudi Arabia and the GCC region.  

Francesco Costanzo, Invescore CEO said: "I'm delighted to welcome Sheikh Mubarak as a new shareholder and chairman of Invescore and I look forward to working together to implement Invescore's ambitious growth plan.”

“We will mainly focus on three areas: co-development of joint ventures with world class technology partners in Saudi Arabia and other GCC countries; international private equity investments and private placement of international funds."

Sheikh Mubarak said: "Al Khafrah Holding Group is keen to build and develop its current activities to diversify its investments locally, regionally and globally.”

“We are very satisfied with this new partnership, we believe it will deliver the desired objectives and will strengthen our ability to enhance our returns. We, by partnering with Invescore, are looking forward to reviewing and subsequently entering into new investments and new markets, helping to bring into the Region the latest in new technologies and products,” he added.

Invescore (formerly Integration Capital and Trade Europe Ltd) is an international financial advisory firm which combines joint ventures and strategic alliances expertise with traditional and emerging market investment banking services. – TradeArabia News Service