Abraaj taps Saudi growth

Abraaj Capital, a private equity firm based in Dubai, has opened an office in Riyadh to tap investment opportunities in the largest Arab economy.

With Dh22 billion (US$6bn) in assets under management, Abraaj is the largest private equity group outside Europe and North America,

“As the largest Arab economy and the centre of the energy world, Saudi Arabia offers substantial investment opportunities,” said Amr Dabbagh, the Governor of the Saudi Arabian General Investment Authority, which licensed Abraaj Saudi Arabia Ltd.