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Webb Capital Plc (WCAP)

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Wednesday 01 February, 2012

Webb Capital Plc

Joint Venture by Markab Capital and Webb Capital


1 February 2012

 

                                                                               

                               Webb Capital Plc                                

                       ("Webb Capital" or "The Company")                       

            JOINT VENTURE FORMED BY MARKAB CAPITAL AND WEBB CAPITAL            

Webb Capital PLC, the Plus quoted financial services group and Markab Capital,
the Middle East centred merchant bank and multi-family office announce the
formation of a London based joint-venture (Markab Securities).

The joint-venture is being created in response to an increase in appetite in
cross border transactions between London and the Middle East, including Middle
Eastern companies seeking the benefit of an exchange listing in London, the
world's most international financial centre. There is also a large demand in
both private and public European businesses seeking a reliable conduit to
access the large capital pools available in The Gulf Cooperative Council
(GCC).  Webb Capital's corporate finance subsidiary, Webb Capital Advisory,
which is a member of the London Stock Exchange, will provide corporate finance
support and local knowledge required to successfully complete transactions.
Markab Capital advises a number of large high net worth families in addition to
large corporate clients and sovereign wealth funds in the Middle East, and is
involved in a wide range of business sectors including real estate,
construction, banking, hospitality, consumer products, natural resources,
finance and petrochemicals.

 Ahmad Al Omani, Chairman, Markab Capital said:

"The City of London is the ideal base for many of our GCC and wider Middle East
and North Africa (MENA) located clients that are seeking access to an
established, reputable and highly regarded capital market to position
themselves for international expansion.  We hope that this venture will lead to
many of these businesses being listed in London. We are also seeing a large
increase in our clients' desire to invest in both public and private UK and
European equities. This joint venture will help to build a bridge between both
markets".

 Peter Webb, Chief Executive, Webb Capital said:

"This is a very exciting development for Webb Capital and we are delighted to
have secured this relationship with Markab Capital. It could be a
transformational venture for us."

Markab Capital

With roots dating back over 40 years, Markab Capital's multi-family office
provides independent advice to high net worth families wishing to preserve,
diversify and enhance their wealth. As a merchant bank, Markab offers its high
net worth, corporate and institutional clients traditional corporate finance
and advisory services, coupled with access to proprietary capital.

Webb Capital

 The Company was established in 2010 by well known City asset manager, Peter
Webb, who has assembled a strong team of seasoned professionals. Founded on
traditional values and long term relationships with clients, the Company
provides hands-on advice and fund raising capabilities to private businesses
and companies listed on UK Public markets.

The Board of Directors take responsibility for the content of this
announcement.

 

Webb Capital PLC                                         
                                                         
Peter Webb - CEO                      Tel: 0207 634 9510 
                                                         
www.webbcapital.com                                      
                                                         
                                                         
                                                         
Daniel Stewart & Company plc                             
                                                         
Noelle Greenaway , Corporate Finance  Tel: 020 7776 6550 
                                                         
Martin Lampshire, Head of Broking                        
                                                         
Markab Capital                        Tel: +965 6606 6665
                                                         
   Ahmad Al Omani                                        
                                                         
  [email protected]                                 
                                                         
                                                         
                                                         
Media Enquiries                                          
                                                         
Buchannan Communications              Tel: 0207 466 5000 
                                                         
Tim Anderson, Lisa Baderoon

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