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FINANCIAL NEWS
Abraaj seeks additional acquisitions in North Africa
20 Aug 2014
(MENAFN) The Abraaj Group, a buyout firm focused on emerging market, is planning to make more acquisitions in North Africa, due to rising demands for investments in sectors like healthcare in the region, Times of Oman reported.
Abraaj, which has about USD7.5 billion in global assets, already announced six deals in the region in the January-June period and is planning four more investments before the year ends with an average of USD50 million to USD100 million.
“There are certain segments in the region like healthcare that have a massive supply-demand imbalance. Maybe in five years it won’t be there, but right now, it is providing the stimulus for investors like us to come in and essentially generate returns,” the Head of MENA at Abraaj said.
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