Embattled private equity companies may be forced to recoup their multimillion-dollar investments through means other than public share sales in the coming year, says the head of a Saudi buyout firm.
Slack demand for initial public offerings (IPOs) could have severe consequences for private equity firms in the Gulf seeking to exit their investments. Many are already struggling to raise the cash for takeover bids.
"Get ready for exits other than IPOs," said Ammar Alkhudairy, a managing partner of Amwal AlKhaleej.
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