29 Mar 2010
(MENAFN) The Carlyle Group, a private equity firm, said that it has acquired a 30 percent stake in Saudi Arabia’s General Lighting Company, the Kingdom’s largest lighting fixture manufacturer, Reuters reported.
Carlyle did not provide financial details for the transaction, which closed on Monday and marks the fund’s first investment in Saudi Arabia, the largest economy in the Middle East.
Equity for this investment, Carlyle’s third in the MENA region, will come from Carlyle MENA Partners, a growth capital and buyout fund that closed in March 2009.
Carlyle, which worldwide has nearly $90 billion of assets under management, established its Middle Eastern presence in 2007 and has now regional offices in Cairo, Dubai and Istanbul.
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
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BBK discloses its financial results for the first quarter ended 31st March 2025
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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