International
Finance
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 ......
Finance
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 ......
Manufacturing
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 ......
Finance
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, ......
Finance
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 ......
Consumer
Qatar wealth fund cuts stake in British supermarket group Sainsbury
The biggest shareholder in Sainsbury's, the Qatar Investment Authority (QIA), is selling 306 million pounds ($399 million) worth of shares ......
TMT
MENA Digest: Ejari bags a big cheque; fintechs OCTA, Krti, Qpay get funding
Dealmaking activity in the Middle East and North Africa region this week was led by Saudi Arabian e-grocery delivery platform ......
Finance
Acumen gets LP cheque for Africa-focussed renewable energy fund
US-based impact investor Acumen, which backs social enterprises serving low-income individuals in developing and underserved areas of Sub-Saharan Africa and ......
Infrastructure
ADIA writes off 9.9% stake in struggling British utility Thames Water: Report
Abu Dhabi's sovereign wealth fund, one of the largest shareholders in Thames Water, has written off its nearly 9.9% stake ......
People
Adenia set to tap largest North African market to deploy from Fund V
Adenia Partners, a Mauritius-based private equity firm that focuses on mid-sized businesses across Africa and manages over $950 million in ......
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