IMAP is pleased to announce that Alpen Capital, its partner firm in the Middle East, advised the shareholders of Inventure Group Holding Company (“Inventure Group”) on the sale of 60% of the group’s shares to Sheikha Amal Suhail Bahwan.

Established in 2005, Inventure Group is one of the UAE’s leading construction contractors specializing in the fabrication of glass and aluminium for building façades. Based in the UAE, it has a wide operating presence, undertaking projects across the UAE, Qatar, India, Sri Lanka, Ghana, Madagascar, Tanzania, South Sudan, Libya, and Iraq. The Group boasts a remarkable portfolio of over 2,500 completed projects, including collaborations with prestigious builders such as Emaar, Shapoorji Pallonji, Miraj, and Kingston, among others. Notably, Inventure specializes in delivering top-notch facade products for high rises, with landmark projects including the Russian Pavilion at the Dubai Expo which garnered international awards for its complex and unique aluminium façade structure.

Ranked on the Forbes list of the “Middle East’s Most Powerful Businesswomen 2023”, Sheikha Amal Suhail Bahwan is the Chairperson of National Bank Oman, while also serving as the Vice Chairperson of Suhail Bahwan Group Holding LLC (“SBGH”). SBGH is one of the largest conglomerates in Oman, with a portfolio of 100 brands and more than 40 companies across the Gulf, North Africa, and South Asia. The company has invested in a diverse range of sectors including Engineering and Infrastructure, Chemicals and Fertilizers, Energy, Healthcare, and Logistics, among others.

Alpen Capital – IMAP Middle East leveraged its investment banking capabilities across the region on this cross-border transaction. The transaction was originated by the firm’s private banking arm, Alpen Asset Advisors, executed by experts from the Alpen Capital team in Dubai and the placement was led by the Alpen Capital team in Oman.