Samena Capital Acquires a Stake in RAK Ceramics (MENA)

Source: Arabian Business  |  Author(s): Andy Sambidge

Investment group Samena Capital has acquired more than a 30 percent stake in United Arab Emirates-listed ceramics manufacturer Ras Al Khaimah (RAK) Ceramics from the firm’s founding shareholder. The acquisition was structured through Samena Capital’s subsidiary, Samena Limestone Holdings, and was made with a consortium of international investors including two Gulf sovereign wealth funds. RAK Ceramics exports tiles and other ceramic products globally. Financial details of the transaction were not disclosed.