Investcorp Capital PLC

The interim condensed consolidated financial statements for Investcorp Capital PLC (previously known as Investcorp Capital Limited) for the period from July 1, 2023, to March 31, 2024, has been released.

The text provided does not contain any information to summarise. It merely indicates a title and a fiscal year period from July 1, 2023 to March 31, 2024.

On May 13, 2024, the Board of Directors of Investcorp Capital plc met via video conferencing. During the meeting, they approved the company's audited financial statements for the nine months ending on March 31, 2024. They also approved the appointment of additional authorized signatories for the company. Lastly, they approved the key terms of the company's long-term incentive program.

On May 8, 2024, the Securities and Commodities Authority (SCA) and the Abu Dhabi Securities Exchange were notified that the Board of Directors of Investcorp Capital plc will hold a meeting on May 13, 2024, at 15:00 UAE time. The meeting, which will be conducted via video conferencing, will discuss and approve various matters, including the company's reviewed financial statements for the nine-month period ending on March 31, 2024.

Investcorp Capital plc will support a new USD 1 billion platform, Investcorp Golden Horizon, which will be anchored by the China Investment Corporation (CIC) and other reputable institutional and private investors from the Gulf Cooperation Council (GCC) and China. The platform aims to invest in high-growth companies in Saudi Arabia, other GCC countries, and China, focusing on sectors such as consumer, healthcare, logistics, and business services. The announcement was made at the Investcorp China-GCC Investment and Business Cooperation Summit in Riyadh.

Investcorp Capital has announced its plan to invest in the $4.2 billion redevelopment of JFK International Airport's Terminal 6, marking its first major investment in infrastructure since entering the asset class. The project will be carried out through a partnership with Corsair Capital, and the terminal will be managed by Vantage Airport Group. The redevelopment will replace the current Terminal 7, featuring a 1.2 million square-foot terminal with 10 gates, commercial amenities, airline lounges, and two AirTrain stations. The project is expected to be completed in two phases, with the first phase to be finished by 2025 and the second by late 2027.

On March 27, 2024, Investcorp Capital plc announced the resignation of its non-executive board member, Jan Erik Back. The resignation was accepted on March 24, 2024, and will be effective from April 1, 2024. The reason for the resignation is retirement. Abbas Rizvi has been appointed as the new member of the board in place of Back.

Investcorp Capital has appointed Rohit Nanda as its new Chief Financial Officer (CFO), effective from 2 April 2024. Nanda, a Chartered Accountant and a CFA Charterholder, previously served as the Head of Operations and Head of Investment Structuring and Business Support, Asia, at Investcorp. He succeeds Abbas Rizvi, who has been appointed CFO of Investcorp Holdings B.S.C.(c) after a successful tenure at Investcorp Capital, including overseeing the company's initial public offering.

On March 24, 2024, Investcorp Capital plc accepted the resignation of their Executive Manager, Abbas Rizvi. The reason for his resignation was his appointment as a non-executive director of Investcorp Capital plc and the Chief Financial Officer of Investcorp Holdings B.S.C.(c). Rohit Nanda was appointed to carry out the duties of the resigning Executive Manager. The board decision approving this appointment was made on March 24, 2024, and the appointment will start on April 1, 2024.