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MENA Financial Directory
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Quick Poll
Are Takaful companies likely to see significant writedowns in 2010 as a result of real estate investments?
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Tuesday, February 24 2009 |
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Alternative Investments
Abu Dhabi venture capital company in OSS deal
Mubarak and Brother Property and Financial Investments in deal with with Oasis Security Solutions. MBI believes alliance will help expand their business scope to include security solutions.
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| Mohammed Al Haj, the CEO of MBI. |
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Mubarak and Brother Property and Financial Investments (MBI), a venture capital firm that specialises in properties and financial investments,have entered into a strategic partnership with Oasis Security Solutions (OSS), a company that is described in a press release as a “ground breaking ethical security consultancy that offers services to governmental entities, military organisations and the commercial sector.”
Mohammed Al Haj, the CEO of MBI said, “MBI is keen to partner with an ambitious company such as OSS and believes the alliance will help expand our business scope to include security solutions.”
The press release said that “OSS engages the expertise of highly trained and experienced personnel to research information as a base for diverse security solutions. The company offers a range of solutions including training, education and provision of equipment. With its highly skilled and trained staff, OSS provides services to private and public sector institutions, as well as corporate clients that aim to reduce their investment risks.”
Abu Dhabi-based MBI is described as a major investment company with key stakes in real estate and construction, infrastructure, and industrial ventures. although the press release failed to mention what they were. The company claims to pursue an aggressive mission to enhance its contribution to the economic progress of the UAE. MBI was founded in 2003 by H. E. Saeed Abdul Jalil Al Fahim, former Vice President of Abu Dhabi Chamber of Commerce.
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