UAE’s Alpha Dhabi Holding Eyes Opportunities in Saudi Arabia, Egypt - Bloomberg
Alpha Dhabi Holding PJSC, the third-largest public firm in the United Arab Emirates, is looking at opportunities in Saudi Arabia and Egypt, according to its chief executive officer.
Both markets are “promising,” Hamad Al-Ameri said. Egypt is a huge market which can absorb more deals while Saudi Arabia has “strong growth,” he said in an interview.
Egypt, the Arab world’s most populous nation, and Saudi Arabia, the region’s biggest economy, have emerged as key markets for UAE-based firms seeking growth.
First Abu Dhabi Bank PJSC, UAE’s largest lender, last week offered to buy a majority stake in EFG Hermes. And the country’s biggest Islamic bank is scouting for deals in countries including Saudi Arabia, its chief executive said this month.
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