2007'02.04.Sun
Gulf Investment Corporation Announces Investment in Perella Weinberg Partners
June 16, 2006
KUWAIT, June 16 /Xinhua-PRNewswire/ -- Gulf Investment
Corporation (GIC), a leading financial institution in the
Gulf Cooperation Council (GCC) region, is pleased to
announce that it is one of the founding investors in
Perella Weinberg Partners. The new financial services firm
formed by Mr. Joseph Perella and his partners will provide
independent strategic advice to large corporate clients on
a global basis as well as manage various alternative
investment vehicles.
Mr. Hisham Abdulrazzaq Al-Razzuqi, Chief Executive
Officer of GIC, said "Our investment in Perella
Weinberg Partners demonstrates our strong belief that there
is a tremendous opportunity in today's marketplace for a
global financial advisory firm that is truly independent
and well positioned to identify and develop specialized
investment vehicles with attractive risk-adjusted returns.
This investment is also a strategic one for GIC: Perella
Weinberg Partners will help us broaden our product offering
and we will each benefit from the other's ability to operate
in a different part of the world. Mr. Perella has assembled
a team of highly experienced professionals with the highest
integrity and we look forward to a long and successful
relationship."
Mr. Perella added, "GIC's profile and strategic
positioning across the entire GCC region makes it a very
desirable partner for Perella Weinberg Partners. We are
proud to be affiliated with such an eminent institution and
look forward to working closely with GIC over the coming
years."
About Gulf Investment Corporation:
Gulf Investment Corporation (GIC) is a leading regional
financial institution that was established under the
auspices of the Gulf Cooperation Council (GCC) and is
equally owned by the six member states of the Council:
Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United
Arab Emirates. GIC offers a comprehensive range of
financial services to promote private enterprise and
support economic growth in the GCC region.
For more information, please contact:
Mr. Shafic Ali, Director,
Principal Investments and Corporate Finance,
Gulf Investment Corporation
Tel: +1-965-788-3134
Inquiries regarding Perella Weinberg Partners
Tim Metz,
Hullin Metz & Company
Tel: +1-212-752-1044
Rory Godson,
Powerscourt Media
Tel: +44-7909-926-020
SOURCE Gulf Investment Corporation
PR
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