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|| UAE PE firm acquired stake in an oil & gas private firm for $25 million

Kuwait Energy Millennium 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)

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