KBW Investments has announced the signing of a majority acquisition of Grayscale Interiors. The acquisition was signed by Chairman of KBW Investments, Prince Khaled bin Alwaleed bin Talal (pictured), and founder and managing director of Grayscale, Gary Vastag.
“After partnering with Grayscale Interiors for several projects that required bespoke interior fit-outs, it was clear that having the company join the KBW Investments portfolio would increase our Group’s capability to address projects from the early conceptual development and planning stages, all the way to project management and execution stages,” said Ahmed Alkhoshaibi, group CEO of KBW Investments.
Founded in 2013, Grayscale has been operating out of the UAE since the past three years specialising in interior fit-outs across various projects such as hospitality and commercial building developments. The firm currently works on projects in the region in countries like UAE, Qatar and Saudi Arabia.