Dubai-based Abraaj Capital said it has signed a strategic investment agreement with Kuwait Energy, one of the fastest growing independent upstream oil and gas exploration and production companies in the Middle East.
A leading private equity manager investing in high growth markets, Abraaj said the key investment is being made through the Abraaj Private Equity Fund IV (APEF IV) into Kuwait Energy.
Announcing the deal on Tuesday, Abraaj said this strategic partnership will enable Kuwait Energy’s ongoing growth and development plans and facilitate its emergence as a regional independent exploration and production (E&P) pioneer with world-class expertise.
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