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FINANCIAL NEWS
Abraaj to ink 2 deals in 2011
15 May 2011
(MENAFN) Abraaj Capital’s senior partner, Ahmed Badreldin, said that the UAE-based company eyes closing two deals in the current year while it is exiting a number of maturing investments, reported Arabian Business.
Badreldin said that the two deals in subject would be major ones, in addition a number of to small and medium-sized enterprises (SMEs).
The country’s investments for this year are forecasted at USD2 billion, Badreldin added.
As for existing investments, Badreldin added that in private equity, the holding period is around three to four years, and thus, the company would sell a number of investments that had matured.
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