Saudi multi-asset investor Artal Capital hits first close of PE fund

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Artal Capital, a Riyadh-based multi-asset investment firm, has marked the first close of its mid-market-focused private equity fund to back high-growth, technology-enabled startups in Saudi Arabia and other countries in the Gulf Cooperation Council (GCC) region.    Artal, which manages assets worth over $600 million, secured commitment from Saudi Arabia’s PIF-backed ......