IHCC strategic partners honored at annual ceremony

The event was attended by Sultan Sobhi Batterjee, CEO of IHCC, and senior management officials of the company.
Updated 11 November 2019

IHCC strategic partners honored at annual ceremony

The management of International Hospitals Construction Co. Ltd. (IHCC) honored its strategic partners including local and international companies during an annual ceremony held recently at Park Hyatt Jeddah. The event was attended by Sultan Sobhi Batterjee, chief executive of IHCC; Iftikhar Hussain, general manager of IHCC; and other senior management officials of the company.
Addressing the ceremony, Batterjee expressed his thanks and appreciation to IHCC’s strategic partners who he said played a great role in its success as a turnkey solutions provider.
The chief executive highlighted IHCC’s future plans, including the new projects that seek to diversify sources of income and at the same time provide additional services to the customers.
Batterjee highlighted the IHCC’s role and the social responsibility programs that it initiated to contribute to the development of the community. He emphasized that IHCC is working to meet the goals and aspirations of Vision 2030 in the field of design and construction.
CEO Batterjee presented commemorative shields to the executives of the companies attending the ceremony.
IHCC is a Saudi-based turnkey solutions provider that specializes in health care, education and mixed-use projects. It has more than 25 years of experience as a design-build company in the MENA region with extensive knowledge and experience in delivering turnkey solution projects. The company manages projects from inception to completion, including comprehensive feasibility studies, conceptualization, architectural and engineering design to civil and electro-mechanical construction, financing including complete procurement, equipping, furnishing and installation and operational management services.


Investcorp closes $375m for second Italian NPL fund

Updated 01 June 2020

Investcorp closes $375m for second Italian NPL fund

Investcorp, a global provider and manager of alternative investment products, has announced the fully subscribed final closing of approximately 340 million euros ($375 million) in commitments for its second vintage Italian Distressed Loan Fund II (Italian NPL Fund II), which is exclusively advised by Eidos Partners, a Milan-based advisory firm and credit specialist. To date, more than 460 million euros in assets have been allocated toward Investcorp and Eidos Partners’ Italian nonperforming loans (NPLs) strategy.

Italian NPL Fund II invests in non‐performing loans secured by residential and commercial real estate in Italy. The fund represents Investcorp’s ninth Special Opportunity Portfolio (SOP). In 2011, Investcorp launched its first SOP with the aim of taking advantage of opportunities arising from market dislocations and structural shifts.

Timothy Mattar, global head of distribution at Investcorp, said: “Several years ago we identified that many banks across Italy would need to reduce their credit exposure and strengthen their balance sheets, creating opportunities for investors with strong underwriting expertise. We know the Italian NPL market well and we have further strengthened our capabilities through partnerships with dedicated local expertise in the Italian credit market.”

Elena Ranguelova, portfolio strategist, said: “There are compelling opportunities to acquire attractive loans at significant discounts in the Italian NPL market. We believe that our latest NPL fund will help fulfill an important market need and we are committed to leveraging our expertise and resources to create value and help Italian consumers and businesses during this time. We appreciate the support from our existing limited partners and new investors, and we look forward to continuing to build upon our partnership with Eidos.”