DUBAI, United Arab Emirates, March 29, 2011 (GLOBE NEWSWIRE) -- Najd Investments Limited (Najd Investments) announced today that it has been mandated by Allcargo Global Logistics Limited (Allcargo) as Advisor and Arranger for the company's expansion within the GCC region. Najd Investments will advise on all financial, strategic and investment matters for the project.
Najd Investments is a privately owned investment firm registered in the Dubai International Financial Centre (DIFC), and is regulated by the Dubai Financial Services Authority (DFSA). Najd Investments carries out Advisory and Arrangement activities with a special focus on Joint Ventures and entrepreneurial private enterprises.
Allcargo Global Logistics Limited is a leading multinational company providing integrated logistics solutions. The company is one of India's largest publicly owned logistics company, being listed on the Bombay Stock Exchange and The National Stock Exchange of India.
The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project Engineering and Equipment Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled the company to become a market leader in all these segments.
His Highness Prince Abdulmohsin Bin Abdullah, Chairman of Najd Investments, said: "We are very pleased to have been chosen by Allcargo as their advisors and arrangers for this project. There is a gap in the regional market with a clear demand for their services. The region is witnessing tremendous growth and we at Najd Investments are focused, through our offerings, on creating market leading companies that can capitalize on this growth."
Mr. Shashi Kiran Shetty, Chairman and Managing Director of Allcargo, commented that "We have been active in the GCC for a significant time now and believe further strategic focus is important for our global expansion strategy. Regions with high growth and positive investment environments continue to be a target for our expansion." Mr. Shetty further added: "When compared with more mature markets, the region has significant opportunities to increase our offerings in the general Logistics field in the areas of LCL, CFS/ICDs, warehousing, project logistics and specialized equipment rentals on par with global standards."
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CONTACT: Tara Armes Najd Investments Ltd Dubai International Financial Centre Level 7, Building 6 PO BOX 506824, Dubai, UAE Tel: +971 4 3637773 Mobile: +971 50 7496890 Email: tara.armes@najd-investments.com Web: www.najd-investments.com
