Last week, Seclink emerged as the highest bidder after it quoted investments
worth Dh3.73 billion.
The value of these quoted investments
would be significant if sold.
In the event of any shortfall, the Company has a fairly large amount of cash and quoted investments
<p>IIRA defines liquid assets as cash or cash equivalents, short-term placements to banks or financial institutions and liquid quoted investments
such as government paper and quoted Sukuk.
Absolute has had to close seven of its funds for "restructuring" because they "contain quoted investments
which the board believes are not immediately realisable".
By June 1996, BDC had interests in 119 companies and enterprises, with the corporation's gross investment portfolio, including quoted investments
, standing at P618m.
The news from the experts is that early stage businesses have a degree of negative correlation with quoted investments
and hence they will recommend that their clients hold a certain percentage of their portfolio in early stage businesses to reduce unsystematic risk.
The market value of the fund's quoted investments
stood at pounds 99 million at the year end, less than a quarter of its value at the end of 1999 of pounds 438 million.
In addition, it is preparing for a partial flotation of its Greenhouse Fund, which had quoted investments
in Internet start-ups worth pounds 438 million at the end of 1999.
The City's disenchantment with smaller companies knocked pounds 6.4 million off the value of GWB's quoted investments
and overall headline profits dipped to pounds 8.24 million from pounds 11.9 million.