GIC Invests US$ 100 million in UAE-based Tristar Group

Dubai, UAE — UAE-based Tristar Group has successfully sold an equity stake to Kuwait-based Gulf Investment Corporation (GIC) by issuing US$ 100 million worth of fresh shares to GIC. The proceeds will be used for the expansion of the Tristar business.

Because of GIC’s investment in Tristar, the company will be owned by Agility, GIC and the founder and Chief Executive of the Tristar Group, Eugene Mayne. Tristar will be operated under a new company structure in DIFC with the name Tristar Holdings Limited. All Tristar activities will be held under the DIFC holding.

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