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 $90 billion of assets under management, established its Middle Eastern presence in 2007 and has now regional offices in Cairo, Dubai and Istanbul.
11 Dec 2025
BBK launches December Grand prizes campaign offering over One Million Bahraini Dinars to over 280 Winners!
11 Dec 2025
BBK hosts an Induction Day to welcome new colleagues from HSBC Bahrain, marking a successful transition and integration
04 Dec 2025
BBK celebrates Bahraini Women’s Day with the graduation of 20 female leaders from Harvard and Cornell Program
04 Dec 2025
BBK launches a new suite of HSBC Mutual Funds to expand Global and Islamic investment opportunities
30 Nov 2025
BBK successfully completes the transfer of HSBC Middle East, Bahrain Retail (Consumer) Business to BBK
30 Nov 2025
BBK launches exclusive Mortgage Financing offers in collaboration with Best Location Properties
27 Nov 2025
BBK acts as Joint Lead Manager and Bookrunner in a US$ 500 Million bond issuance for Bank of Sharjah
26 Nov 2025
BBK launches a new promotional and service platform at the Ministry of Housing and Urban Planning
20 Nov 2025
BBK partners with Lumofy to enhance employee capabilities through innovative AI-driven solutions
18 Nov 2025
BBK partners with Kanoo Motors to launch exclusive offers on Deepal Range-Extended Electric Vehicles
18 Nov 2025
BBK partners with Asia Jewellers to offer exclusive benefits for customers at Jewellery Arabia 2025
10 Nov 2025
BBK launches “Sustainability Academy” to equip employees for the future of Sustainable Banking
05 Nov 2025
BBK rewards 202 winners with a total of BD 450,000 in the September “Al Hayrat” Grand prizes draw
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