25 Jan 2011
(MENAFN) Abraaj Capital and Saudi Arabian General Investment Authority (SAGIA), announced on the sidelines of the 5th Global Competitiveness Forum (GCF) that they are planning on initiating a $533 million investment platform dedicated exclusively to investing in Saudi Arabia, reported Arab News.
Amr Al-Dabbagh, governor of SAGIA, and Arif Naqvi, founder and group CEO of Abraaj Capital, said that the platform would focus on investing across a variety of asset classes including private equity, small-and-medium sized enterprises (SMEs), real estate, and public equities.
Both managers said that despite the global crisis, the fundamental macroeconomic environment in Saudi Arabia remains strongly supported by favorable demographic trends, reform-oriented policies, and prudent use of hydrocarbon liquidity to ensure long-term economic growth.
It is worth noting that the Capital Markets Authority (CMA) among other regulators still need to provide necessary regulatory clearances and approvals for the plan to initiate the $533 million investment platform.
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more