Dubai 4th September 2008 – HBG Holdings (“HBG”), a leading Jeddah and  Dubai based investment firm specializing in private equity and real estate investments, has today announced its acquisition of a strategic stake in Muscat Finance Company (“MFC”), a public joint stock company listed on the Muscat Stock Market.

Dubai, UAE, July 2008:– HBG Holdings (“HBG”), a leading Jeddah and Dubai based investment firm specializing in private equity and real estate investments in the Middle East and South Asia, today announced the appointment of former Pakistan Trade and Industry Minister Razak Dawood as Advisory Director. Mr. Dawood joins HBG at a time when the firm is seeking to extend its investment footprint into South Asia.

Dubai 27 January 2008 – HBG Holdings (“HBG”), the Dubai-based private equity firm, has today announced its agreement with NCB Capital Company (“NCBC”) to sell a strategic stake in its management company. NCBC is a subsidiary of The National Commercial Bank of Saudi Arabia, one of the largest and most powerful financial institutions in the Middle East.