Global equity funds in UAE attract $2.7bn
United Arab Emirates: Tuesday, April 22 - 2008 at 10:25
Global private equity funds in the UAE attracted $2.7bn in investment last year, according to Karim Al Solh, CEO of Gulf Capital. The increasing number of private equity backed initial public offerings shows that there is a broader acceptance of private equity, he added. Overall, there are 128 private equity funds in the region today, reported Gulf News.
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Jeff Florian, Senior ReporterTuesday, April 22 - 2008 at 10:25 UAE local time (GMT+4)
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