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FINANCIAL NEWS
Saudi to become MENA’s most attractive PE destination
24 Dec 2012
(MENAFN) Ernst & Young’s MENA Head of Transaction Advisory Services, Phil Gandier, stated that Saudi Arabia is expected to become the most attractive private equity (PE) destination in the Middle East and North Africa (MENA) region, reported Qatar News Agency.
Gandier said the government’s initiatives and the country’s relaxed foreign ownership standards raise the probability of attracting higher volumes of PE capital.
He added that in 2012’s first quarter; over 20 deals were closed in the MENA region, with the number expected to grow notably in the near future.
It is worth noting that besides Saudi Arabia; Egypt, Tunisia, Morocco and the UAE are viewed as attractive places for investments.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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