Investcorp Capital PLC

The CEO of the Securities and Commodities Authority (SCA), Dr. Mariam Al Suwaidi, has been notified that the Board of Directors of Investcorp Capital plc will hold a meeting on February 11, 2024. The meeting will take place at 3:30 p.m. UAE time at the Rosewood Hotel in Abu Dhabi. The agenda includes reviewing and approving the company's financial statements for the six months ending December 31, 2023, and discussing the distribution of interim dividends.

Investcorp Capital Plc has announced its intention to consider an interim dividend payment based on an 8% annualized yield on the net asset value of the company. The decision will be made on February 11, 2024, and will be subject to factors such as distributable reserves and earnings. FAB Securities has initiated coverage of Investcorp Capital with a "Buy" recommendation. The CFO of Investcorp Capital, Abbas Rizvi, stated that they plan to pay the first tranche of the dividend in March, subject to board approval. The expected dividend payments for 2024 are expected to result in an effective yield of over 10% for public market investors. The company has seen numerous deals in the past quarter, including the acquisition of US-based Best in Class Technology Services.

Investcorp S.A. has consolidated its majority ownership of Investcorp Capital plc by acquiring an additional 93,913,043 shares following the end of the stabilization period. This transfer was facilitated by Q Market Maker LLC, the appointed stabilization agent. As a result of this transaction, Investcorp S.A. now owns 71.43% of the outstanding share capital of Investcorp Capital plc. This announcement has not been approved by any regulator, including the Securities and Commodities Authority of the United Arab Emirates.

The final disclosure regarding the price stabilization mechanism was filled out by the authorized signatory on behalf of the Price Stabilization Manager, according to the rules of the price stabilization mechanism applied in the Abu Dhabi Securities Market. The company name is Investcorp Capital PLC and the Price Stabilization Manager is Q Market Maker LLC. The company's shares were listed on the market on November 17, 2023, and the price stabilization program ended on December 23, 2023. The option to purchase was exercised, with 93,913,043 shares purchased, accounting for 13% of the capital. The price range was 2.12 – 2.30. There were no remaining shares on which the option to purchase was not exercised. The signatory is Magdy Shanan, the CEO, who signed this document on December 18, 2023.

Investcorp Capital has announced the appointment of Arqaam Capital as an advisor and liquidity provider for its shares, effective immediately. Arqaam Capital, a financial services company established in 2007, will provide research and market intelligence to Investcorp Capital, facilitate the company's earnings reporting, and act as a liquidity provider. The announcement has not been approved by the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE) or any other regulator in the UAE or elsewhere.

This is a periodic disclosure about the price stabilization mechanism filled out by the authorized signatory on behalf of the Price Stabilization Manager, as per the rules of the Price Stabilization Mechanism in the Abu Dhabi Securities Market. The company name is Investcorp Capital PLC and the Price Stabilization Manager is Q Market Maker LLC. The company's shares were listed on the market on November 17, 2023, and the Price Stabilization Program ended on December 23, 2023. The periodic disclosure period was from December 11 to December 14, 2023. The purchase option was exercised, with 3,983,043 shares purchased, representing 0.55% of the capital. The price range was 2.12 – 2.22. The authorized signatory is Magdy Shnan, the CEO, and the date is December 15, 2023. All shares related to the stabilization mechanism were purchased.

The periodic disclosure regarding the price stabilization mechanism was filled out by the authorized signatory on behalf of the Price Stabilization Manager, in accordance with Article (3/2) of the rules of the price stabilization mechanism applied in the Abu Dhabi Securities Exchange. The company's name is Investcorp Capital PLC and the Price Stabilization Manager is Q Market Maker LLC. The company's shares were listed on the market on November 17, 2023, and the price stabilization program ended on December 23, 2017. The periodic disclosure period was from December 1, 2023, to December 8, 2023. The purchase option was exercised, with 11,819,332 shares purchased, representing 1.64% of the capital. The price range was 2.16 – 2.28. The signatory was Magdy Shanan, the CEO, on December 8, 2023.

Investcorp Capital, a private markets investor and capital financing services provider, has confirmed the appointment of Q Market Maker (QMM) as a liquidity provider for its shares. This follows Investcorp Capital's successful Initial Public Offering (IPO) and listing on the Abu Dhabi Securities Exchange (ADX) on 17 November 2023. QMM, established in 2020, is a leading market maker on the ADX and is known for enhancing liquidity and improving market quality and efficiency. Both Investcorp Capital and QMM expressed their satisfaction with this partnership and anticipate a successful collaboration.

Investcorp Capital has announced its Q1 FY24 financial results, showing a 44% YoY net income increase. The company posted a net profit of USD 13 million, demonstrating strong decision-making in the current landscape. The Return on Equity (ROE) was 10%, calculated on a Last Twelve Months (LTM) basis, and gross operating income was USD 19 million, with total operating expenses of USD 3 million. The income-to-expense ratio stands at 6.3x. The company's portfolio diversification showed that 74% of assets were invested in recurring fee/yield generating assets, and the company's borrowing amount of USD 163 million results in a leverage ratio of 0.13x, indicating a conservative financial position.