December 9, 2021

Dubai Week

Complete Dubai News World

These are the $ 500 million funding ambitions in Saudi Arabia

These are the $ 500 million funding ambitions in Saudi Arabia

In an interview with Al Arabia, Yasser Baqir, CEO of InvestCorp Saudi Arabia, confirmed that the investment made by “InvestCorp”, which specializes in alternative investments, aims to invest in Saudi companies in the next phase. Pre-IPO.

Bagcier said the added value that Investcorp brings has a long history in the United States, Europe, East Asia and India and suggests best practices to restructure companies or change the culture within the company and help second-family businesses. And third generations, in addition to the experiences that open up new markets valuation.

He said he aims to raise $ 500 million to invest in under-funded high-growth companies and subsidiaries such as the healthcare, consumer sector, transportation, logistics and business services.

He said the fund will focus on investing in the diversified portfolio of companies in the pre-IPO phase in the country, providing investors the opportunity to grow their money and invest in pioneer companies.

He explained that for 40 years, InvestCorp has been enjoying excellent relationships with decision-makers in the family business, which deserves to add value and is the second largest player in the industry among leading companies. Has investments of over 700 million. Dollars in the kingdom, and it had investments in listed private companies, including L’azurde, Leejam and Al Deeb rent a car.

See also  Oil prices are rising on the back of positive signs of global economic growth, according to Reuters