Abraaj Capital Ltd., the biggest private equity firm in the Middle East, may conclude an investment in Saudi Arabia within three months and is looking at a “number of deals” in Turkey, a senior official said.
“For at least one of them we expect it will be fairly imminent,” Chief Executive Officer Mustafa Abdel Wadood said in an interview at the World Economic Forum in Istanbul. “I would like to think within the next two to three months.”
The Dubai-based company is in talks on three investments in Saudi Arabia valued as much as $150 million each, Ahmed Badreldin, a senior partner, said in April. Abraaj oversees about $7.5 billion across more than 30 emerging market countries. The private equity firm agreed in February to buy London-based Aureos Capital Ltd., which specializes in investing in small- and medium-sized firms.
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