Saudi eyes strategic stake
Saudi Arabia: Wednesday, January 30 - 2008 at 10:14
NCB Capital, a subsidiary of Saudi-based National Commercial Bank, is buying a strategic stake in Dubai private equity firm HBG Holdings, reported Gulf Daily News. Under the terms of the deal, which was signed in Bahrain and Dubai, the shareholding is to be acquired through Oryx Regional Private Equity Fund (Oryx), a fund managed by NCBC. As a result of this transaction, Oryx will become one of the largest shareholders in the HBG management company.
Also consider reading:
- » Danone in China deal
- » Bahrain, Russia to sign business deal
- » Saudi work to ease price surge
- » DFM ends higher, ADSM lower
- » GE records $8bn annual revenue in Mena region
- » Qatar may drop the dollar peg
- » Spanish company wants to invest in Yemen fisheries
- » Dubai shares advance
- » US cuts interest rates
- » UAE sovereign wealth funds praised
- ADD ARTICLE TO
-
Facebook
del.icio.us
Digg">
Index : Finance and Economy
Browse related articles
Browse related articlesToday's most read articles:
Most read articles the past week:
Amena Bakr, Senior ReporterWednesday, January 30 - 2008 at 10:14 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Web Feeds