NBK CapitalNBK Capital, a top regional investment bank, has acquired 40 percent ownership in Al-Tala'a International Transportation Company Ltd, (Hanco), a leading Saudi car rental, leasing and fleet maintenance company. NBK Capital will also help Hanco finance additional growth plans and improve its operational capabilities. The share acquisition was made through NBK Capital's private equity fund, NBK Capital Equity Partners Fund. The acquisition is the latest step in NBK Capital's strategic focus on investment opportunities that demonstrate strong growth potential and which will benefit significantly from its management and regional market expertise. “This transaction reflects NBK Capital's strategy of partnering with leading business groups in the region, in situations where we can add substantial value given our operational expertise. We are very excited to commence work with Bin Sulaiman Holding as Hanco capitalizes on the growing vehicle leasing market." __
