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Investment Bank
ab-invest.net

Investments

7

Portfolio Exits

1

Funds

1

About AB Invest

The firm is an investment bank based in Jordan. It is a wholly-owned subsidiary of the Arab Bank focusing on Jordan and Palestine.

Headquarters Location

Abdullah Bin Rawaha Street Building 1

Amman, 11814,

Jordan

962 6 5522239

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Latest AB Invest News

12:49 EDT ReyCon Construction Management Completes Work at Wychmere Beach Club in Harwichport

Jun 24, 2022

News provided by Share this article Share this article Built during the pandemic, Wychmere now has a spectacular new 35,000 square foot event space, "Dune" PLYMOUTH, Mich. and HARWICHPORT, Mass., June 24, 2022 /PRNewswire/ -- ReyCon (formerly Reynolds Construction), a leader in construction management throughout Massachusetts, is pleased to announce the recent completion of work at the Wychmere Beach Club on Cape Cod. The Club held its first wedding reception at the newly constructed "Dune" event space in May 2022. Wychmere (PRNewsfoto/Reycon) Wychmere Beach Club is a prestigious multi-use compound in Harwichport. The property spans 20 Oceanfront acres on Nantucket Sound and features exclusive event space, a private beach, sparkling pools, festive poolside bars and restaurants and a tennis club. While ReyCon is a respected player in multiple construction markets- this is one of the firms most high-profile hospitality projects. ReyCon's work at Wychmere consisted of ground up construction on a stunning 35,000 sq feet oceanfront wedding venue as well as adjacent pools, pool deck and bar/restaurant. "Dune" features panoramic ocean views accessible through expansive windows, balconies and a rooftop terrace with frameless glass walls. Outside, the beach club boasts two brand new grand pools, a kids pool and an extra-large hot tub. This glamour is set amongst picturesque landscaping – resulting in one of New England's most extraordinary oceanfront settings. ReyCon field teams -led by Project Manager Greg Ginsburg -worked in collaboration with ­­­­the property owner Atlas Investment Group, the architecture and design team at GS Design Group Inc., as well as a highly respected team of subcontractors. "We were thrilled to partner with Atlas Investment Group on a hospitality project of this magnitude and prestige" said Mike Reynolds, President of ReyCon, "The Wychmere Beach Club is an absolute jewel and one of the truly special beach clubs and event venues not only on Cape Cod, but all of New England. I'm particularly proud of the fact that this project was initiated and developed during the challenging pandemic. Success on the project required creative problem solving and a tremendous team effort - everyone involved deserves credit for driving the program forward during uniquely difficult times." "Mike and his team at ReyCon were true professionals and exceptional partners on this project" said Kevin Kelly of Atlas. "We were impressed with their collaborative approach and ability to adapt and adjust on the fly during challenging times – without compromising cost or quality. We shared a common goal - to create a world-class, five-star venue for weddings, corporate meetings and other special occasions. The result of the project and our overall experience with ReyCon was nothing less than spectacular." SOURCE Reycon

AB Invest Investments

7 Investments

AB Invest has made 7 investments. Their latest investment was in Marketer as part of their Unattributed on February 2, 2022.

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AB Invest Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/24/2022

Unattributed

Marketer

$5.62M

Yes

1

11/3/2021

Seed

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$99M

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10

9/29/2021

Seed VC - II

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10

12/18/2020

Series C

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$99M

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10

11/4/2020

Seed VC

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$99M

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10

Date

2/24/2022

11/3/2021

9/29/2021

12/18/2020

11/4/2020

Round

Unattributed

Seed

Seed VC - II

Series C

Seed VC

Company

Marketer

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Subscribe to see more

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Amount

$5.62M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

AB Invest Portfolio Exits

1 Portfolio Exit

AB Invest has 1 portfolio exit. Their latest portfolio exit was Five Degrees on March 17, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/17/2023

Acquired

$99M

2

Date

3/17/2023

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

2

AB Invest Fund History

1 Fund History

AB Invest has 1 fund, including Saraya Real Estate Mena Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/1/2006

Saraya Real Estate Mena Fund

REAL Estate

Closed

$250M

1

Closing Date

9/1/2006

Fund

Saraya Real Estate Mena Fund

Fund Type

REAL Estate

Status

Closed

Amount

$250M

Sources

1

AB Invest Team

1 Team Member

AB Invest has 1 team member, including former Chief Executive Officer, Jawdat Al Halaby.

Name

Work History

Title

Status

Jawdat Al Halaby

NCB Capital

Chief Executive Officer

Former

Name

Jawdat Al Halaby

Work History

NCB Capital

Title

Chief Executive Officer

Status

Former

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