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FINANCIAL NEWS
Abraaj Capital seeking Saudi deals by September
08 Jun 2012
(MENAFN) Abraaj Capital, the Middle East’s largest private equity firm, is negotiating over sealing a number of new deals in Saudi Arabia within the next three months, Arabian Business reported.
It was previously reported the Dubai-based firm was in talks to close three deals in the oil rich kingdom worth USD150 million each.
In May, the company was reported to be interested in buying ATV Television from Turkish group Calik Holding after top media group News Corp had dropped out of the bidding race.
Calik, which also has interests in energy and finance, appointed Goldman Sachs in January to manage the sale of a controlling stake in its entire media unit, which includes the Sabah newspaper and is partly owned by Qatar.
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