Riyadh – Wasatah Capital ("Wasatah") is pleased to announce that Middle East Chemicals Co. Ltd ("MIDCHEM") has partnered with a leading Kuwait-based petrochemical sector investor to receive a growth equity investment. Wasatah has served as the exclusive financial advisor to MIDCHEM.

MIDCHEM is a specialty chemicals producer based in Riyadh which produces Chlor-alkali products such as liquefied chlorine, caustic soda (liquid and flakes), hydrochloric acid, and sodium hypochlorite and sells it to industrial customers in Saudi Arabia.

"We are excited to see the partnership of MIDCHEM and the Kuwaiti Investor” said Abdullah Al Rasheed, CEO of Wasatah Capital. This deal is an illustration of interest of regional investors in Saudi market. We have seen a strong M&A activity in Saudi Arabia and we foresee an acceleration of this trend as the economy in Saudi Arabia is healthy and the financial sector is developing and introducing new products and services in line with VISION2030."

Wasatah Capital (Wasatah) is regulated by the Capital Market Authority ("CMA") and authorized by the Saudi Arabian Investment Authority ("SAGIA"). It provides Asset Management & Wealth Management and Corporate Finance & Private Equity services to local and international clients. Wasatah has been granted CMA licenses for (i) arranging, (ii) custody, (iii) managing and (iv) dealing as principal and underwriter. All of its activities and products are in full compliance with  CMA rules & Regulation and Islamic Shari'ah principles.

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.