Amwal Al Khaleej - VC, Private Equity and Real Estate

Gulf Capital and Amwal AlKhaleej, two Middle Eastern alternative investment firms, announced the sale of their portfolio company, Maritime Industrial Services to UK listed firm Lamprell.

The sale of 100% of the company for $336 million caps an almost five year holding period by both firms during which revenues and profits were increased by 203% and 184% respectively.

Gulf Capital and Amwal AlKhaleej are listed in the Middle East Investors Directory with the code OR26 and EM05 respectively.

More details from their release follows

Triago, a company that raises money for private equity investors, will help Saudi private equity firm Amwal AlKhaleej raise part of the $500 million it’s targeting for a third buyout fund.

Amwal’s new fund will be introduced in April and will invest mainly in growth capital in the Middle East and North Africa region. It is likely to have a life of 10 years with an extension option of another two and target returns of 20 percent to 25 percent. (Alwal AlKhaleej was recently in the news because of suing Abdullah brothers of Damas for $22 million.)

Amwal Al Khaleej Saudi private equity is listed in the Middle East Investors Directory with the code EM05.

More details from their full release follows

Newspapers and websites in the Middle East have recently published some interviews with heads of investment and private equity firms in he region about the status of private investments in the Middle East. Here are the links to them, in case you have missed reading them.

- Interview with Karim El Solh, Founder and Chief Executive of Gulf Capital
- Interview with Yahya Jalil, Head of Private Equity, The National Investor (TNI)
- Interview with Adeeb Al Sowailim, CEO of Saudi-based Sharia-compliant investment bank FALCOM
- Interview with Ammar al-Khudairy, Managing Director of the private equity firm Amwal AlKhaleej