In turn, Ismail Tahboub, CEO of JD Capital, said: "Through this sale and the recent sale of Central Electricity Generating Company in Jordan to ACWA Power International, we have completed the divestment of all the major assets in our infrastructure portfolio and cemented JD Capital's position as the regional leader in infrastructure investing with an unparalleled track record.
We have proven that through a combination of diligent pre-acquisition planning and post-acquisition management, infrastructure investing can provide avenues for successful deployment of capital and realize superior risk adjusted returns.
Throughout the three year period we have held KEC
, JD Capital
has successfully led the transition of EDCO
into successful, commercially-oriented, private companies and has substantially enhanced their operating performance.
This has consequently increased the overall value and profitability of both companies; significantly reducing electricity loss rates, reducing theft and tampering and improving collections."
Commenting on JD Capital's
investment outlook, Tahboub
stated: "We will continue to focus on diversifying our investment portfolio and capitalizing on sound investment opportunities throughout the Kingdom