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FINANCIAL NEWS
Saudi Ithmar to sign USD270 m deals
25 Mar 2014
(MENAFN) Saudi private equity firm Ithmar Capital, which manages over USD800 million in investments, plans to make USD270 million worth deals as economy in the Gulf is giving signs of recovery from the global financial crisis, according to Arab News.
The Dubai-based firm, founded in 2005, invests in growth and buyout opportunities in Gulf-based or related companies.
Faisal bin Juma Belhoul, founder and managing partner of Ithmar, said: “We expect to do deals in excess of AED1 billion in 2014 in the healthcare and education sectors across the GCC (Gulf Cooperation Council).”
Belhoul added: “The market is very promising due to the rebound in the economies since the crisis, reflecting positively in the private equity space.”
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