NBK Capital says 2021 could be best year for Mideast private equity investments | Reuters
This year could be the best yet for private equity investments in the Middle East and North Africa (MENA) region as valuations are down, regional economies are bottoming out and fewer competitors are left, a leading private equity firm said.
“This has the potential to be the sort of the golden age of private capital investing in the region,” Yaser Moustafa, senior managing director of NBK Capital Partners, which manages $1.2 billion in assets, told Reuters on Monday.
“The investments we make this year will yield the best returns we’ve ever had.”
He said there were a handful of competitors left in the industry compared with 50 when NBK Capital Partners began its business in 2006.
Abraaj was the largest buyout fund in the region until it collapsed in 2018 due to investor concerns about the management of its $1 billion healthcare fund.
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