Bahrain-based alternative asset manager has already made seven investments in the kingdom and listed four of its portfolio companies
Investcorp, the alternative asset manager that counts Mubadala Investment Company as its biggest shareholder, is launching a $500 million fund to invest in Saudi Arabia high-growth companies.
It plans a rapid expansion across its GCC and Asian investment portfolio and expects its assets under management to more than double to $100 billion in the medium term from about $40bn, executive chairman Mohammed Alardhi said in September.
The asset manager has already listed four Saudi businesses on the Tadawul exchange, generating more than $40bn in potential demands from their respective pre-listing marketing exercise.
Read more/Source: The National News
