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Gulf Capital to Invest $500 Mln in Saudi, UAE, Egypt - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – Private equity firm Gulf Capital is looking to invest $500 million in Saudi Arabia, the United Arab Emirates and Egypt, the company’s chief executive said on Monday.

The opportunities include a deal in the healthcare sector that would be announced soon, Chief Executive Karim el-Solh told Reuters on the sidelines of a private equity conference.

He declined to give more details, but said in general the fund targets 10 deals of about $50 million per deal.

As elsewhere in the world, private equity activity in the Middle East in 2009 has dropped significantly, Solh said. As a result, the sector sits on more than $11 billion and the number of deals is set to increase again.

“With so much dry powder left, regional private equity firms are under considerable pressure to close transactions,” he said, adding that the crisis will eventually result in a shake-out of the industry.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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