Investcorp reaffirms global growth strategy during its virtual Ordinary General Meeting

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Investcorp held its Ordinary General Meeting (OGM) of shareholders virtually via live webcast. This came in line with public authority recommendations to contain the spread of the coronavirus (COVID-19) and Investcorp’s commitment to prioritizing the health and well-being of its shareholders, employees and other stakeholders.

The meeting was chaired by Investcorp’s Chairman of the Board, Dr. Yousef Al-Ebraheem.

The OGM discussed and approved Investcorp’s business and financial performance for the fiscal year ended June 30, 2020. Shareholders voted in favor of all matters put forth at the OGM.

Executive Chairman, Mohammed Alardhi, commented: “We appreciate our shareholders’ continued support and confidence in our business. While the impact of the COVID-19 pandemic has been challenging, it also demonstrated the resiliency of our model. The progress we have delivered on the global growth and diversification strategy we launched in 2015, helped to offset macroeconomic headwinds. We believe that we are well-positioned to achieve our objectives of enhancing value for all of Investcorp’s stakeholders with our increasingly diverse, global platform, world-class team and record US $32.2 billion of assets under management.”

SOURCE: BIZBAHRAIN

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