DGC makes strategic investment in firm

MANAMA: DGC Industrial, a division of Dividend Gate Capital, has made a strategic investment into Driver Auto Services.

Established in 2004, the Riffa-based company has developed into a one-stop-shop for auto services and offers a range of 55 services; from polishing and building tinting to commercial wrapping and car rentals.

Driver Auto Services founder Bader Al Shaban said with the injection of capital from DGC Industrial, the company would be able to expand by opening a second branch to be located in Tubli.

“The Tubli branch will offer state-of-the-art equipment and quality services.”

DGC chief executive Khaled Al Hammadi commented saying this venture fulfilled the investor’s mission to grow and nurture Bahraini businesses servicing the industrial sectors.

The niche investment firm’s business development manager Bader Amin said four other companies were potential investment targets for DGC Industrial as part of a strategy to create growth amongst home-grown brands in Bahrain.

“We are also looking to expand Driver Auto Services further by adding three more branches across the GCC by 2020,” he added.

DGC Industrial invests in various industries in construction, manufacturing and agriculture, overseeing as well as ensuring capital growth in beneficiaries.

Source: http://www.gdnonline.com/Details/386692/DGC-makes-strategic-investment-in-firm