13.04.2010 - PE firms to set up offices in Kingdom
From Arabnews.com: Foreign-based financial firms have indicated their desire to set up their offices in Saudi Arabia. "The reason for this is the bright prospects for the private equity industry (PE) in Saudi Arabia. PE is needed by growing local companies to enable them to cross the 'debt valley'," said Ahmed M. Al-Sari, executive partner at Malaz Capital. Many say that the Kingdom will be the next big private equity market in the Middle East and North Africa (MENA) region......................................Full Article: Source
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