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French PE Amethis part-finances portfolio firm's acquisition in Morocco

Infrastructure

22 October, 2024

French PE Amethis part-finances portfolio firm's acquisition in Morocco

Amethis, a French private equity firm that backs mid-sized businesses in Africa and Europe, has part-financed the acquisition of a ......

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PE firm Mediterra Capital set to invest in Turkish company

Finance

21 October, 2024

PE firm Mediterra Capital set to invest in Turkish company

Mediterra Capital Partners, a Turkey-focused private equity firm that bets on small and mid-sized companies, is set to invest in ......

Middle Eastern retail chain Lulu kickstarts IPO process

Consumer

21 October, 2024

Middle Eastern retail chain Lulu kickstarts IPO process

Lulu Retail Holdings, which runs one of the Middle East's biggest hypermarket chains, kicked off an initial public offering on ......

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MENA Digest: Global Ventures-backed Abhi leads fundraising this week

General

18 October, 2024

MENA Digest: Global Ventures-backed Abhi leads fundraising this week

Abhi, a UAE-based fintech startup, which is backed by Global Ventures and VentureSouq, led fundraising activity in the Middle East ......

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Adenia Partners' Schow on focus over sector, country diversification for fifth Africa fund and more

Finance

17 October, 2024

Adenia Partners' Schow on focus over sector, country diversification for fifth Africa fund and more

Mauritius-based private equity firm Adenia Partners, which traditionally makes control-styled bets on mid-market businesses in Africa, is now doubling down ......

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Jada-backed Artal Capital eyes final close of maiden PE fund by Q1 2025

Finance

17 October, 2024

Jada-backed Artal Capital eyes final close of maiden PE fund by Q1 2025

Artal Capital, a Riyadh-based multi-asset investment firm that manages assets worth $600 million and marked the first close of its ......

Goldman Sachs' Saudi Arabia CEO leaving firm

Finance

17 October, 2024

Goldman Sachs' Saudi Arabia CEO leaving firm

Goldman Sachs' Saudi Arabia CEO, Khalid Albdah, is leaving the firm, a source familiar with the situation told Reuters on Wednesday. Albdah has been ......

Saudi firm Manara in talks to buy stake in First Quantum's Zambian mines

Manufacturing

16 October, 2024

Saudi firm Manara in talks to buy stake in First Quantum's Zambian mines

Saudi Arabia's Manara Minerals is closing in on a deal to buy a minority stake in Canadian miner First Quantum ......

BNP Paribas rethinks Middle East HQ as it cuts headcount in Bahrain

Finance

16 October, 2024

BNP Paribas rethinks Middle East HQ as it cuts headcount in Bahrain

BNP Paribas is planning to reduce headcount in Bahrain and scrap Manama as its Middle East and Africa head office, ......

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SVC backs VC portfolio firm in second LP bet this year

Finance

16 October, 2024

SVC backs VC portfolio firm in second LP bet this year

Riyadh’s state-owned Saudi Venture Capital (SVC), which manages assets worth $2.2 billion, has struck its second limited partner-style bet this ......