12 April 2010
Dubai 2010- Saudi investment firm Siraj Capital is in preliminary discussions over setting up a $100m private equity fund to invest in small- and medium-sized companies in the Middle Eastern country, according to Gulf News.
The fund will make three to four deals, most likely in the hospitality, food and beverage, or service industry sectors.
Chief executive Ebrahim Mardam-Bey is reported to have said, "We think consumer-driven businesses like budget hotels, casual dining and food and beverage are a big sector we are looking at right now... also the services industries that feed into infrastructure."
Siraj Capital last year made three investments in Saudi Arabia: Saudi fashion brand Lomar, telecommunications contractor and systems integrator Delta United, and Holiday Inn Express hotels.
-Ends-
Dubai 2010- Saudi investment firm Siraj Capital is in preliminary discussions over setting up a $100m private equity fund to invest in small- and medium-sized companies in the Middle Eastern country, according to Gulf News.
The fund will make three to four deals, most likely in the hospitality, food and beverage, or service industry sectors.
Chief executive Ebrahim Mardam-Bey is reported to have said, "We think consumer-driven businesses like budget hotels, casual dining and food and beverage are a big sector we are looking at right now... also the services industries that feed into infrastructure."
Siraj Capital last year made three investments in Saudi Arabia: Saudi fashion brand Lomar, telecommunications contractor and systems integrator Delta United, and Holiday Inn Express hotels.
-Ends-
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M.Nasser@prphenomenal.com
© Press Release 2010
