Wednesday 18 April 2012

Dubai's Abraaj eyes investments in Saudi Arabia | Reuters

Dubai-based private equity firm Abraaj Capital is looking at three to four investments in Saudi Arabia valued up to $150 million each, a senior executive said on Wednesday.

The Middle East's largest private equity firm will close one of these deals in the next three to four months, Ahmed Badreldin, senior partner at Abraaj, said on the sidelines of an industry event in Dubai.

"We are looking at three investments in Saudi Arabia currently. The equity contribution in those transactions would be between $100 to $150 million each," said Badreldin.

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