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FINANCIAL NEWS
Gulf Capital to launch USD550 million fund
08 Oct 2013
(MENAFN) Gulf Capital, an Abu Dhabi private equity firm, has announced its intention of investing USD550 million in companies across the Middle East and North Africa, according to Saudi Gazette.
Karim El Solh, the firms chief executive, said that the firm will seed the GCC Equity Partner III Fund with $100 million.
The firm has invested only 30 percent of the USD550 billion fund and plans to close two more deals by the end of 2013.
“Were very focused on the Gulf, mainly UAE and Saudi, and sometimes spillover to Egypt and Jordan,” El Solh said.
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