13 Apr 2010
(MENAFN) Shuaa Capital Saudi Arabia plans to secure more money for its hospitality fund through a second auction in October, in addition to plan of making more acquisitions this year, citing improving market conditions, Reuters reported.
The firm’s Chief Executive, Omar Al-Jaroudi, said that the fund, which had its first closing in 2008, aims to raise around $533 million, noting that the company raised $110 million in the first closing.
Al-Jaroudi said that Shuaa launched its private equity hospitality fund aiming to acquire hotels to be managed by Rotana Hotel Management Corporation, but it only made one acquisition in 2009 as market conditions were uncertain. In March, Shuaa bought land in the Red Sea port city of Jeddah for a hotel development worth of $130 million.
11 Dec 2025
BBK launches December Grand prizes campaign offering over One Million Bahraini Dinars to over 280 Winners!
11 Dec 2025
BBK hosts an Induction Day to welcome new colleagues from HSBC Bahrain, marking a successful transition and integration
04 Dec 2025
BBK celebrates Bahraini Women’s Day with the graduation of 20 female leaders from Harvard and Cornell Program
04 Dec 2025
BBK launches a new suite of HSBC Mutual Funds to expand Global and Islamic investment opportunities
30 Nov 2025
BBK successfully completes the transfer of HSBC Middle East, Bahrain Retail (Consumer) Business to BBK
30 Nov 2025
BBK launches exclusive Mortgage Financing offers in collaboration with Best Location Properties
27 Nov 2025
BBK acts as Joint Lead Manager and Bookrunner in a US$ 500 Million bond issuance for Bank of Sharjah
26 Nov 2025
BBK launches a new promotional and service platform at the Ministry of Housing and Urban Planning
20 Nov 2025
BBK partners with Lumofy to enhance employee capabilities through innovative AI-driven solutions
18 Nov 2025
BBK partners with Kanoo Motors to launch exclusive offers on Deepal Range-Extended Electric Vehicles
18 Nov 2025
BBK partners with Asia Jewellers to offer exclusive benefits for customers at Jewellery Arabia 2025
10 Nov 2025
BBK launches “Sustainability Academy” to equip employees for the future of Sustainable Banking
05 Nov 2025
BBK rewards 202 winners with a total of BD 450,000 in the September “Al Hayrat” Grand prizes draw
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more