Scouting for Deals, UAE Firm Beeah Is Looking to Go Beyond Waste - Bloomberg
Beeah, a government-backed holding company in the United Arab Emirates, will make acquisitions this year to expand businesses including waste management and technology, according to its head.
“We are working on some deals right now for Beeah to acquire some companies,” Chief Executive Officer Khaled Al Huraimel said in an interview, declining to specify how much it aims to spend. “Our intention is to grow and scale up.”
Beeah, which means “environment” in Arabic, is also developing businesses in health care and digitalization, opening a data center and expanding technology services.
Sharjah-based Beeah recently adopted a holding company structure, which will make it easier to sell or spin off businesses in the future -- though there’s no imminent plan to do so now, Al Huraimel said.
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