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Al Solh said they exited successfully from Gulf Marine Services last week and are down to 10 per cent stake.
Karim El Solh said, "Gulf Capital continues its collaboration with Emirates Foundation on meaningful initiatives, with a clear focus on the young generation of the region, using the three pillars of training, education and entrepreneurship.
Speaking on the leasing activity, Al Solh said with 50 per cent of the retail space is already leased with a number of new potential customers showing interest.
Gulf Capital has invested about 80 per cent of its equity fund, which owns stakes in seven other companies, El Solh said.
Karim El Solh concluded: "As an Abu Dhabi-headquartered investment institution, we are looking forward to giving back to the community in which we operate in, with a specific focus on youth development and empowerment.
Regrettably, that is not the case, since what Khouri and Solh agreed to was to settle Lebanon's identity - not to forge a business relationship.
"Among the short listed bidders are American and Asian strategic trade buyers as well as regional buyout firms," El Solh said.
"Financial engineering rather than true value enhancement was the name of the game," explains El Solh. "This business model is viable in boom times when debt is plenty and cheap but is broke and unsustainable in today's environment where debt is scarce and very expensive.
"This financing continues a long-standing partnership with ADCB and we are proud to be collaborating with them on this exciting project," Al Solh said.