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Home arrow Business arrow Gulf Capital to invest $500 mln in Egypt
Gulf Capital to invest $500 mln in Egypt PDF Print E-mail
Written by Egypt News   
Monday, 12 October 2009
Private equity firm Gulf Capital is looking to invest $500 million in Saudi Arabia, the United Arab Emirates and Egypt, the company's chief executive said on Monday

The opportunities include a deal in the healthcare sector that would be announced soon, Chief Executive Karim el-Solh told Reuters on the sidelines of a private equity conference.

He declined to give more details, but said in general the fund targets 10 deals of about $50 million per deal.

As elsewhere in the world, private equity activity in the Middle East in 2009 has dropped significantly, Solh said. As a result, the sector sits on more than $11 billion and the number of deals is set to increase again.

"With so much dry powder left, regional private equity firms are under considerable pressure to close transactions," he said, adding that the crisis will eventually result in a shake-out of the industry.

 

 

 

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