Istithmar named Best Private Equity House. And Adel Al Shirawi, Vice Chairman of Istithmar World receives the award on behalf of the firm

DUBAI — Istithmar World Capital has been named the "Best Private Equity House" by Banker Middle East. The award was presented at the Banker Middle East Awards 2008, held at the Emirates Towers hotel in Dubai on June 17, 2008.

Adel Al Shirawi, Vice Chairman of Istithmar World, who received the award on behalf of the firm, said: "The Banker Middle East Awards have been recognising excellence across a range of banking and finance verticals for eight years and is certainly the most valued industry benchmark for the region. Winning this award for the second consecutive year is a testimony to the pioneering role of Istithmar World in the private equity sector and its significant growth and expanding global presence over the last few years. I am especially delighted to receive this award for Istithmar World as it represents the opinion of thousands of industry experts and voters from across the world.

"Istithmar World's contribution to the private equity industry over the years has been critical to the growth and development of the region. We are well poised to continue on the high-growth path by deploying funds across international markets and investing in truly exceptional opportunities," he said.