Dubai’s Abraaj Capital Looking at Three Saudi Arabia Investments
“We are looking at three transactions at the moment,” Ahmed Badreldin, senior partner at Abraaj Capital said on the sidelines of a conference in Dubai. “The equity contribution in each of the deals is between $100 and $150 million each.” Abraaj is seeking to close one of the deals in the next three to four months, he said.
Abraaj, which prefers to hold majority stakes in its portfolio companies, is also looking at a possible deal in sub- Saharan Africa which would involve $100 million of equity, Badreldin said. The company may also dispose of two investments this year, he said.
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