Home » Dubai Investors »

|| Rasmala announces first closing of their fund: $120m of $350m committed

RasmalaOn January 6th, Rasmala, an Investment Bank & Private Equity firm in the UAE, announced the first closing of one of their funds, Rasmala MENA Private Equity Fund 2. This first close was back in November ’08 but announced now.

With $120 million in commitments received, the Sharia compliant fund is primarily focused on mid-cap opportunities in the GCC and Egypt that benefit from the region’s GDP growth. It has a target IRR of 25%.

The fund final size is targeted for $350 million. General Partner commitment is $35 million and minimum subscription is $5 million.

(Do you know why it is called “Rasmala”? Taking its name from rasmaal, the Arabic word for capital, Rasmala means in an almost poetic sense the enrichment and growth of capital)

Previous Post: An event by the “Economist Conferences” next week in Dubai
Next Post: The Economist Conference in Dubai - Tomorrow

More from Dubai Investors ...

  Dubai Riva Group invested $2.5 million in Los Angeles Rogue Games

  Dubai investors of Amanat invested $5 million in US ed-tech firm

  Dubai investment firm acquired stake for $5 million in agro-fintech Turkish startup

  Dubai Vy Capital and consortium acquired stake in US financial firm for $40 million

  Dubai TS Investment and consortium acquired stake in Korean firm for $14 million

  Dubai VentureSouq and consortium acquired stake in US gaming company for $2 million

  Dubai firm DP World acquires $50 million stake in Virgin Hyperloop

  Dubai firm acquired Denmark logistics company for $762 million

  Dubai investors of ICD acquired 25% of Italian firm CAI

  Middle East investors acquired stake in online firm Bloovo.com for $3 million

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2021 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter