Investment Group Takes Shares of RAK Ceramics
Samena Capital, an investment group, has completed the acquisition of shares of RAK Ceramics PSC, representing 30,6 % of the equity of the world’s largest ceramics maker.
Under the terms of the transaction, Samena Capital will be represented on the board of RAK Ceramics which was established in 1989. The acquisition was made through Samena Capital’s subsidiary, Samena Limestone Holdings and its consortium of international investors including two Gulf sovereign wealth funds. The shares were acquired from the ruling family of Ras Al Khaimah, who will continue to maintain a significant holding in the business.