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.