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FINANCIAL NEWS
Saudi SEDCO Capital to invest USD300m in deals in Europe
02 Nov 2014
(MENAFN) SEDCO Capital, the Jeddah-based Islamic investment firm, announced they are planning to invest up to USD300 million in European real estate, Arab News reported.
SEDCO Capital, a fully owned subsidiary of SEDCO Holding, is currently working on two investments deals, one is a European bank and one is a specialized fund platform, as well as making a final investment in Saudi real estate, which will be worth around USD133 million.
The firm, which launched the first fund managed by its own team last month, which is expected to expand its asset management capabilities, particularly as the Saudi stock market prepares to be opened for direct foreign investment early next year, which is expected to cause some international fund managers to seek partnerships with local firms.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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