Middle-east Arab News Opinion | Asharq Al-awsat

Saudi's Amwal Alkhaleej Plans $500 Mln Fund - ASHARQ AL-AWSAT English Archive
Select Page

Abu Dhabi, (Reuters) – Saudi private equity firm Amwal Alkhaleej aims to raise up to $500 million in a new fund that will launch in 2011 and will focus mainly on its home market, its chief executive said on Monday.

The money would be raised locally but also from international institutional investors, Chief Executive Ammar Alkhudairy said.

“More than 50 percent will be invested in Saudi, the rest in Egypt, the UAE and other GCC countries,” he said.

The company is currently also considering two investments, one in Egypt and one in Saudi Arabia, Alkhudairy said, without naming the target companies.

“These are sizeable minorities. Our sweet spot is between $20 million and $50 million.”

The company’s two previous funds were worth $250 million and $330 million.

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.

More Posts

Follow Me:
FacebookGoogle PlusYouTube