Investcorp plans to launch $500 mln fund to invest in Saudi market: CEO

27/10/2021 Argaam

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Bahrain-based Investcorp plans to launch a $500 million Saudi Arabian fund to invest in private companies that will be eventually listed on the Saudi bourse, Reuters reported, citing Co-Chief Executive Officer Hazem Ben-Gacem.

 

Investcorp also plans to list its fifth Saudi company in its current portfolio on the Tadawul bourse in 2022, Ben-Gacem said on the sidelines of the Future Investment Initiative (FII) conference.

 

Reuters reported in June that Investcorp planned to list Saudi Arabia's Al Borg Medical Laboratories, according to data available with Argaam.

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