Abraaj Capital, a leading private equity firm in the region, has announced plans to initiate a SR2 billion ($533.3 million) investment platform dedicated exclusively to investing in Saudi Arabia.
Abraaj and Saudi Arabian General Investment Authority (Sagia), which serves as the gateway to investment in Saudi Arabia, jointly announced this landmark initiative on the sidelines of the 5th Global Competitiveness Forum (GCF) being convened by Sagia.
The platform will be focused on making investments across a variety of asset classes including private equity, small-and-medium sized enterprises (SMEs), real estate, and public equities, said Amr bin Abdullah al-Dabbagh, the governor of Sagia and Arif Naqvi, the founder and group CEO of Abraaj Capital.
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