CII in talks over Dh100m deals

Despite signs of recovery in the economy and an easing of liquidity, caution is still the buzzword in the UAE's private equity industry.

Amer Salah, Chief Operating Officer of Capital Industries and Investments (CII), believes opportunities abound for private equity companies, but he adds that it is essential to look for well-structured deals with fundamentally strong companies.

CII, a private equity firm owned by Rasmala and other GCC investors, is negotiating three deals worth Dh100 million. The company is planning to develop a precast systems facility in a tie-up with a firm in Riyadh.