MerchantBridge Launches Mesopotamia Fund to Invest in Iraqi Equities

MerchantBridge, the international private equity group with diverse investment interests operating from Iraq, Lebanon, United Arab Emirates and the United Kingdom, has launched an Iraq equity fund, the “Mesopotamia Equity Fund Ltd“.

The Mesopotamia Fund is an open ended fund that will capitalize on the expected long term growth of the Iraqi Stock Exchange (ISX). The market capitalization of the exchange, which reopened in 2004, has doubled to $3bn in the past five years and it currently has more than 90 listed companies, mostly untouched by foreign portfolio managers.

Key highlights to note about the Mesopotamia Fund include:

The fund will invest across all sectors in the ISX.

The Iraqi stock market is young with an unprecedented growth potential, as it currently represents less than 3.3% of GDP compared to over 80% for the GCC and 73% in KSA respectively.

One Response to MerchantBridge Launches Mesopotamia Fund to Invest in Iraqi Equities

  1. […] said last October it had launched an equity fund in Iraqi equities. An executive said at the time that the company had over $1.5 billion worth of […]

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