Dubai-based private equity firm Abraaj Capital is to invest $28 million in five start-up companies as part of its $500 million investment fund for small and medium-sized enterprises, the company said on Tuesday.
The investments - the first for the Riyada Enterprise Development fund - covers sectors from healthcare to agricultural businesses, Managing Director Tom Speechley told Reuters on the sidelines of a conference on entrepreneurship.
The companies are based in Egypt, Kuwait and Jordan, Speechley said."
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