Standard Chartered Makes a “FINE” $175M Investment
- Standard Chartered Investment Division
- Nuqul Group
- Nuqul Group identifies itself as one of the Middle East’s leading industrial groups
- Based in Jordan, its line of business covers hygienic tissue paper,stationery, and printed packaging materials
To cut it short
FINE has packaging plants in United Arab Emirates, Saudi Arabia, Egypt, Jordan, Iraq, Kuwait, Morocco and Algeria. The deal is Standard Chartered Private Equity’s sixth investment in the Middle East and North Africa and its second in a Jordanian-headquartered company, taking its direct investments in the region to $560 million.