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
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
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
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