Fajr Capital Acquires a stake in Cravia Group
Cravia Group is pleased to announce that Fajr Capital, a leading private equity investor in high-growth markets across the Middle East and Asia, has acquired a stake in the Group.
The acquisition will continue to position Cravia as leaders in the food and beverage sector in the region, and increase the company’s presence in existing markets, while expanding into new ones such as Bahrain and Qatar.
Fajr Capital is an award-winning private equity investor in high-growth OIC markets. The company’s shareholders include sovereign investors from Abu Dhabi, Brunei Darussalam and Malaysia, and private investors such as Mohammed Alsubeaei & Sons Investment Company (“MASIC”). Fajr Capital has invested in high-growth companies operating across a range of strategic, demographic-driven sectors, such as financial services, infrastructure, education, manufacturing and renewable energy, among others
No change in the company’s management team will be affected as a result of this transaction. Walid Hajj, Founder of Cravia, will remain actively involved in the business as Executive Chairman. The company’s experienced management team will also remain in place, led by Louay Ghandour, Chief Executive Officer.