Sunday 13 July 2014
 
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Saudi investment

iMENA unveils big Saudi investment plans

iMENA Holdings, one of the largest consumer online businesses investors and operators in the Mena region, has revealed plans to invest upto $25 million in its portfolio of businesses with focus on Saudi Arabia. As a first step, th

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Abraaj plans $533m Saudi investment platform

Abraaj Capital, a leading private equity firm in the region, has announced plans to initiate a SR2 billion ($533.3 million) investment platform dedicated exclusively to investing in Saudi Arabia. Abraaj and Saudi Arabian General Investmen

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Al Baraka, SAIB scrap shares deal

Saudi Investment Bank (SAIB), which received two rating downgrades in June, has said it and Bahrain-based Al Baraka Banking Group, which offers Shari’a-compliant banking services, have agreed to abandon a 2007 share swap deal. "The sharp v

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Saudi Investment to take Albaraka stake

Saudi Investment Bank said it had agreed to take a stake in Albaraka Banking Group, Bahrain's third-largest lender by market value, swapping shares with one of its owners. Saudi-based Dallah Albaraka Group will take shares in Saudi Investm

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