Amid the pre-financial crisis excitement that buoyed a swath of Middle Eastern private equity houses, Riyadh-based Amwal AlKhaleej was one of the earliest and highest risers.
Since its creation in 2004, the firm – whose board includes members of Saudi Arabia’s Al-Muhaidib merchant family as well as Mohammed Alabbar, the Dubai property executive – has been one of the most active, straddling sectors ranging from financial services to media and construction.
Now, in a much-changed financial world, it faces another big test: can it find a lucrative way out of investments made in the boom years when asset valuations soared?
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