The firm said last year that it planned to sell a minority stake in its regional operations as a part of a restructuring program to lift its valuation.
The gathering in Kuwait follows an unprecedented row among members of the GCC over Qatari support for Egypt’s Muslim Brotherhood, and a verbal spat between Iraq and Saudi Arabia.
Some gold investors have turned bearish after comments last week from U.S. Federal Reserve chief that suggested interest rates could rise sooner than many had expected.
The declaration by Servcorp’s CEO was followed by the first public announcement confirming 120 day ‘hassle free’ business licenses will be made available in Dubai.