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Gulf Projects Company (GPC)
Offering Size: USD 27 Million
Country: Kingdom of Bahrain
Nature of Investment: Venture Capital-Logistical Assets
Year: 2006
VCBank’s investment in Gulf Projects Company (GPC) was based on the Bank’s venture capital approach of creating substantial return and value through turning a concession into an operational asset.
The first operational asset of GPC was Venture Capital Bank Building, combining retail outlets, office space and multi-storey car parking in the Diplomatic Area of Manama, Kingdom of Bahrain, which is now fully let and operational. To date, the targeted return on investment has been exceeded, with the payment of quarterly cash dividends starting in September 2007.
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Offering Size: USD 27 Million
Country: Kingdom of Bahrain
Nature of Investment: Venture Capital-Logistical Assets
Year: 2006
VCBank’s investment in Gulf Projects Company (GPC) was based on the Bank’s venture capital approach of creating substantial return and value through turning a concession into an operational asset.
The first operational asset of GPC was Venture Capital Bank Building, combining retail outlets, office space and multi-storey car parking in the Diplomatic Area of Manama, Kingdom of Bahrain, which is now fully let and operational. To date, the targeted return on investment has been exceeded, with the payment of quarterly cash dividends starting in September 2007.
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