Wednesday 30 July 2014

Carlyle sells stake in Saudi lighting firm to Philips

Global alternative asset manager The Carlyle Group has entered into a deal to sell its 30 per cent stake in Saudi Arabia-based General Lighting Company (GLC) to Royal Philips.   Shareholders Alliance Holding and


General Lighting Company buys Malaysia firm

General Lighting Company (GLC), a Saudi Arabian company part-owned by private equity firm Carlyle Group, has acquired Malaysia's largest lighting fixture manufacturer, Davex, in a deal worth about $60 million, GLC said. GLC, a lea


Key leadership summit opens in Bahrain

More than 275 entrepreneurs from all over the world are taking part in the Global Leadership Conference (GLC), opening in Bahrain today (May 24). The three-day event, organised by the Bahraini Chapter of the Entrepreneurs' Organisation (EO

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