Abu Dhabi Investment Company (Adic) said yesterday it expects buyout opportunities to begin emerging in the Middle East and North Africa as valuations are hit by the global financial crisis.
The investment firm, owned by Abu Dhabi Investment Council, said it was looking for companies with solid cash flows in sectors that are likely to be least affected by the economic downturn such as healthcare, education and telecommunications.
The group expects deals to emerge in the UAE, Saudi Arabia, Turkey and Egypt, Adic Chief Executive Nazem Al Kudsi said, adding that opportunities would arise for small and medium-sized deals of up to $250 million (Dh918m).
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