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SMARTRAC investment earns 63 per cent in 14 months for Injaz Mena clients

United Arab Emirates: Monday, June 11 - 2007 @ 14:49

Injaz Mena was licensed by the UAE Central Bank in 2005 and has since built an investment portfolio in excess of AED 1 billion. It has investments in the GCC and MENA region, USA, Western and Eastern Europe, Pakistan, India and East Asia.

Over the past 20 months, it has concluded 19 major deals in private equity and real estate development projects yielding realized and unrealized annual gains exceeding 35% in each of its investments.

Injaz Mena acquired shares in SMARTRAC N.V. in February 2006 as a private equity investor, and was instrumental in its successful public listing on the Frankfurt bourse in late July, with a five percent stake in the company. After achieving its targeted return, Injaz Mena arranged a block sale of the shares to European investors, realising a 63% return on investment for its client co-investors in a little over 14 months.

SMARTRAC is incorporated in the Netherlands with its head office in Amsterdam. The company’s main production plants and R&D facilities are located in Bangkok, with sales offices in Europe, Asia and America. It specialises in the manufacture of radio frequency identification (RFID) – smart card – components for secure industrial and consumer applications.

Amongst the pioneers in RFID technology, SMARTRAC is a global leader in the supply of inlays in the field of Radio Frequency Identification. Its core competence lies in the production of inlays for secure ePassports, contactless bank and credit cards, and numerous other high-growth applications.

With SMARTRAC know-how in research and development it is expert in producing customized solutions across a broad range of applications. From logistics and access control to contact-less payment transactions and identification – the company’s products enable outstanding workflow, high information transfer rates and reliable security systems worldwide.

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Monday, June 11- 2007 @ 14:49 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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