Algebra, Franklin announce strategic JV

DUBAI — Algebra Capital and Franklin Resources, Inc. (operating as Franklin Templeton Investments) of San Mateo, CA, USA, have announced a strategic joint venture through which Franklin Resources acquired a 25 per cent stake in Algebra Capital.

By A Staff Reporter

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Published: Wed 5 Sep 2007, 9:00 AM

Last updated: Sat 4 Apr 2015, 11:33 PM

"One of Algebra Capital's initial strategic objectives was to partner with a leading global asset management firm that will empower us to build on our collective experience and regional expertise, and support our mission of leadership in asset management in the region. Today's announcement is a confirmation that the first step towards this goal has been achieved," commented Ziad Makkawi, Chief Executive Officer and Founder, Algebra Capital.

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