Investcorp, a global provider and manager of alternative investment products, recently held its ordinary general meeting (OGM) of shareholders at Investcorp House in Bahrain. The OGM was held to discuss and approve Investcorp’s business and financial performance for the fiscal year ending June 30, 2019 as well as other matters, including the election of the new board of directors. Six new members were elected to Investcorp’s board during the OGM, effective immediately. The meeting was chaired by Investcorp Chairman Dr. Yousef Al-Ebraheem and Executive Chairman Mohammed Alardhi.
The newest members of the board include: Joachim Faber, Dr. Mazen Fakeeh, John William Fraser, Sir Gerry Grimstone, Abdullatif Al-Othman, and Gregory Kam Leung So.
“We are pleased to welcome the new directors to our board. We look forward to working closely together and are confident that their wealth of experience will contribute to our firm’s success as we continue to deliver on our strategy in FY2020 and beyond,” Alardhi said.
“We are also pleased to report that nine of our existing board members continue to serve as members of our new board of directors,” he added.
Alardhi said: “Our achievements in fiscal year 2019 will position us to generate long-term value for our shareholders. We are more than halfway to achieving our goal of reaching $50 billion in assets under management, an impressive achievement amidst an uncertain global macroeconomic backdrop. Our progress demonstrates the strength and resiliency of our ambitious growth and diversification strategy as we scale and globalize our distribution platform while further enhancing our client offerings. We will continue to focus on investing in businesses and assets poised for growth and value creation, utilizing our proven, prudent and disciplined approach. We are also dedicated to enhancing our transparency and corporate governance to further strengthen the trust that our shareholders, clients, and portfolio companies have placed in the firm.”
