Dubai-based provate equity firm Levant Capital and CVCI (Citi Venture Capital International) announced today that they have jointly acquired a controlling stake in Al-Raya, a supermarket chain in Saudi Arabia, for $100 million.
Levant Capital is established in 2006, based in Dubai and manages several investment vehicles that count international institutions and leading GCC family offices as investors. Levant Capital is chaired by HRH Prince Khaled bin Alwaleed bin Talal Alsaud.
Levant Capital is listed in the Middle East Investors Directory with the code ORP11
More details follows:
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