Saudi Investors - VC, Private Equity and Real Estate

Jadwa Investment, an investment manager part-owned by the Saudi royal family, and European investor CIT bought London King’s Reach Tower for more than $90 million and are planning on spending a further $300 million on the building - The London Offices News is reporting

The 31-storey tower situated on London’s south bank overlooking the Thames is currently unoccupied and has planning permission for a redevelopment, along with the adjacent podium building. Buyers hope an improvement in the economy will solve the problem of the lack of tenants in the near future. King's Reach Tower is the fourth joint Jadwa-CIT acquisition. The companies are planning to spend an additional almost $752 million on investing in the UK property sector in the future.

Jadwa Investment is listed in the Middle East Investors Directory with the code BFD82.

The full story of London Offices News follows

SBG Projects Investments, a member of Saudi BinLaden Group will buy a 20% stake in Maytas Infra, the Indian infrastructure company for more than $106 million.

Maytas Infra will allot 15.45 million equity shares to SBG Projects Investments on a preferential basis. Following this, SBG will become a co-promoter of the company besides IL&FS Group, the current promoter.

Maytas was controlled by the family of Ramalinga Raju, ex-promoter of Satyam Computer Services who resigned after accepting to have inflated its profits for years. Maytas saw a change in control when IL&FS Group acquired a controlling stake in it. IL&FS Group holds about 37% stake in the firm.

To see more investment firms like Saudi BinLaden Group check our Middle East investors directory

More details from Reuters and Business Standard follows

Two Middle East private equity firms, Siraj and Rasmala, have announced funds targeting Saudi Arabia.

Siraj Capital, a Saudi private equity firm, will set up a $100 million private equity fund to acquire small and medium-sized firms in the kingdom - according to the Reuters. The firm will use the fund to make three to four acquisitions in the hospitality, food and beverage sectors, as well as the service industry sector. (Last year, Siraj Capital made three investments in Saudi Arabia, including Saudi fashion brand Lomar, telecommunications contractor and systems integrator Delta United and Holiday Inn Express hotels)

Dubai investors of Rasmala Investments, a Dubai private equity firm, also plans to spend about one-third of proceeds from a planned private equity fund for investments in Saudi Arabia. Rasmala plans to close this year a private equity fund with a target of $350 million, which is focused on investing in the Gulf countries and Egypt.

Siraj Capital is listed in the Middle East Investors Directory with the code BD32 and Rasmala is listed with the code OR48.

More details from the Reuters stories 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 AlKhaleej Saudi private equity is listed in the Middle East Investors Directory with the code EM05.

More details from their full release follows

Continue reading "Triago helps Saudi private equity firm raise part of $500 million fund" »

Hossam Shobokshi, the ex MENA Head of Private Equity at Standard Chartered Bank, has launched Alef MENA Value Fund as part of Alef Capital, a Cayman Island based investment management firm.

Hossam who is a Saudi national was also involved in Alef Group, an advisory firm, since 2003.

To see more investment firms like Alef Capital check our investors directory

Their full release follows

Continue reading "Alef Capital launched Alef MENA Value Fund" »

Al Rajhi Capital, the investment banking subsidiary of Saudi Arabia's Al Rajhi Bank, and Arcapita Bank, an international investment firm headquartered in Bahrain, announced the launch of a $500 million Gulf real estate fund.

The two companies will seed the fund with a joint investment of $50 million. They will source and acquire investments for the fund in high-quality, income-generating real estate assets, in the Kingdom of Saudi Arabia and other countries of the GCC. The focus will be towards logistics warehouses, as well as healthcare and education related assets.

Arcapita is listed in the Middle East Investors Directory with the code OR07.

Their full press release follows

Continue reading "Al Rajhi Capital and Arcapita launched $500 million Gulf real estate fund" »

Six Senses Resorts & Spas has entered into a strategic alliance with Miami based Saudi venture capital investor Laith Pharaon who will become a stakeholder in the management arm of Six Senses group - Six Senses Mauritius.

Founded in 1995, Six Senses currently operate 13 high-end resorts. Their spa division is represented by 27 company-operated spas.

The Saudi investor Laith Pharaon serves as principal investor for his Group who are involved in a wide range of industries primarily focused on hospitality and real estate developments worldwide.

Their full press release follows

Continue reading " Saudi businessman acquires 10% of Six Senses resort" »

Jadwa Investment, an investment firm based in Saudi Arabia, has completed its acquisition of an equity stake in the beverage company Gulf Union Foods Company (GUFC).

The acquisition is done through Jadwa Food and Beverage Opportunity Fund.

GUFC is a juice and beverage manufacturing company in the Kingdom. The company manufactures juices, nectars and flavored drinks, with its products sold in more than 20 countries across different regions, including Saudi Arabia, GCC, Levant, North Africa, Canada, UK, Indian Subcontinent and other countries. It currently has 550 staff and brands like Original, Maaza, Captain and Qobtan. (To see more Saudi investors like Jadwa check our investors directory)

Their full press release follows

Continue reading "Saudi Investors of Jadwa Investment acquired stake in a beverage company" »