UAE PE firm acquired stake in an oil & gas private firm for $25 million
Millennium Private Equity, one of the private equity firms in the UAE, announced an investment of $25 million in Kuwait Energy Company, the Middle East-based independent exploration and production company.
What percentage of an oil & gas company do you get with $25 million? It is not mentioned in their announcement, but according to a Kuwaiti newspaper, they got 3.2%.
How is the company doing financially? This is how part of their balance sheet and income statement looks like according to reports obtained by DubaiBeat.com. (Amounts in Kuwaiti Dinar)
January 21, 2009 |
Filed under Dubai Investors
Previous Post: The UK publicly traded company acquired Abu Dhabi firm for $19 million
Next Post: DubaiBeat.com an official supporting organization of “The Latin American Mid-East Investors Forum”
Investors Directory 2023