Bahrani investment company Investcorp has ambitious plans to be a 100-billion-dollar company in seven years, its chief Mohammed Al-Ardhi said, saying the company is currently valued at nearly $40 billion.
“We believe in about seven years we can get there [through] acquisitions, organic growth, joint ventures, [these] are things that we have done and we will continue to do,” he said in an interview with Bloomberg.
“We operate in America, North America and Europe, in the Gulf and in Asia. America and Europe are 80 percent of our markets at the moment,” Al-Ardhi added.
The company is currently pursuing a five-year growth plan.
“Obviously it is about changing our model for many years. We have served the retail investors in the deal-by-deal model. We would like to change that. So, we target sustainable capital, institutional capital,” he said.
“The structure of going private (delisting) is the right thing for us to do now as we prepare the company for the next stage of its growth,” he added.
Al-Ardhi added although America continues to be their biggest market, Asia is going to be very important in the future Investcorp.
“The growth that is happening on the scale that it is happening there is just something you cannot ignore. We started our businesses in India two years ago and in China, we have offices in both of these countries and in Singapore. In China, we have concentrated on the consumer, on technology, on food. In India, we have concentrated financial services on the consumers and health care,” he said.
“We see a lot of growth there and we see a lot of appetite of our investors to actually -whether retail or institutional- to get the opportunities that we can bring in India and China and Southeast Asia,” Al-Ardhi added.