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ADIC eyes buy-outs in Middle East and North Africa, hires head of private equity

Posted on 19 March 2009

The Abu Dhabi Investment Company (ADIC) has hired a new head of private equity to lead a charge for buy-outs in the Middle East and North Africa at a time when the global economic crisis is starving promising companies of capital.

Leading the push will be an experienced deal maker in the region, Samir Assaad Samaan, who joins ADIC from NBK Capital in Dubai, where he headed the firm’s private equity operations. “With the global economic crisis hampering corporate financing, our nimble private equity fund should continue to thrive as a valuable capital source for growing companies,” said ADIC Chief Executive Officer Nazem Fawwaz Al Kudsi…… Full Press Release: Source

 
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