Abraaj Capital, the Middle East’s largest private equity group, announces the appointment of its first country manager for Palestine and the establishment of an office in the West Bank city of Ramallah.
The appointment of Fayez Husseini provides on-the-ground expertise for Abraaj Capital’s US$ 50 million Palestine Growth Capital Fund, which is dedicated to investing in dynamic Palestinian small and medium enterprises (SME). The office is Abraaj Capital’s 8th in the Middle East, North Africa and South Asia (MENASA) region.
The Palestine Growth Capital Fund is part of Abraaj Capital’s US$ 700 million regional SME investment-platform called Riyada Enterprise Development (RED).
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