based investment management company, has announced its plans to expand its investments in the Kingdom market. Dr. Adnan Soufi, CEO of SEDCO Holding while explaining the plans said that SEDCO has made significant investments around the world. “We're seeking new acquisitions to develop our portfolio to grow individual companies,” he said. “We've a range of companies within our portfolio – market leaders, mid-sized enterprises and promising start-ups.” Dr. Soufi added that SEDCO is seeking investments of above USD 20 million that allow control or significant minority rights with the ability to influence the decision-making process through board participation. “Ours is an active investor with a private equity approach and capabilities for value addition,” he said. “We have a more strategic mindset that allows a longer - even indefinite - holding period for risk adjusted returns.” He said SEDCO's immediate focus for acquisitions would be in the Kingdom. “We're looking for material shareholdings in cash generating businesses preferably in defense and healthcare sectors.” He said SEDCO welcomes the engagement of serious, institutional investors in this process. “ We'd prefer to collaborate with established firms they have worked with over a long period of time,” Dr. Soufi said. Prtinently, SEDCO has a global portfolio of direct investments in countries such as Malaysia, Singapore and Egypt. Locally it is represented by the businesses such as Al Nahdi Medical Company and Dar Alfuad Hospital, SEDCO has developed local and international real estate investments including the prestigious Mahmal Center, the landmark Red Sea Mall, Al Massara and Al Nakheel Center, Metrowest Community a mega residential community in Orlando Florida, and the Haines Building. It is currently developing the new Galleria on Prince Mohamed bin Abdulaziz Street (Tahlia Street). Winner of the Saudi Buildinfra Award 2011, the new Galleria is the latest flagship project of SEDCO development, a SEDCO Holding group company. It will be a multi-function environment consisting of a 5-star hotel managed by SEDCO's Elaf, and a glass-vaulted luxury shopping arcade and leisure area. Founded in 1976, SEDCO has become internationally recognized as a leading global Islamic wealth management organization through its commitment to Shariah principles.
