Two new private equity firms have launched in Iraq and Oman.
In Iraq, Trade Bank of Iraq plans to set up a $500 million private-equity fund and is looking to identify a global player to act as the fund's general partner.
In Oman, the Financial Corporation (FinCorp) launched Oman's first private equity fund with a capital of $51.9 million. The primary objective of the Oman Private Equity Fund is to make private equity investments in select local companies and those firms that have cross border linkages.
To see a full listing of Middle Eastern private equity investors and funds, check our Middle East Investors Directory
More details follows from Reuters and Zawya
MerchantBridge, the London-based direct investment and private equity company focused on Middle East investments, has closed a deal worth $200 million in Kerbala Cement Rehabilitation Program.
This transaction marks the largest privatization and debt arrangement in Iraq (outside oil and gas). The plant will go through a rehabilitation program. The project has already attracted investment interest from foreign direct investors, including the International Finance Corporation (IFC), the private arm of the World Bank, and France's Proparco.
To see more investment firms like MerchantBridge check our investors directory
More details from their release follows