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FINANCIAL NEWS
UAE’s Abraaj plans to sell 4 projects
18 Oct 2011
(MENAFN) Abraaj Capital’s senior partner, Matteo Stefanel, said that in the coming 18 months, the firm would exit four of its investments, reported Emirates 24/7.
Stefanel added that the equity firm planned also to sell its stake in Acibadem, the Turkish hospital group, in a deal that would probably exceed USD500 million.
He also said that since healthcare, education and energy projects in the Middle East would generate growth over the next few years; Abraaj would probably invest in these sectors.
It is worth noting that Abraaj started to raise capital for a USD2 billion private equity fund.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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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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