Investcorp says it invested $700 million in Saudi Arabia
Walid Majdalani, the president of Investcorp’s corporate investment business, revealed the company’s recent investments in Saudi Arabia totaled $700 million.
Majdalani said in an interview with “Al Arabiya”, that “Investcorp” participated with Saudi family companies to take them to the capital market and list them.
“It was a huge demand and liquidity found on four listings in which the company participated, and the volume of demand amounted to 40 billion dollars, both domestic and external demand,” he stated.
The head of the investment sector at Investcorp pointed to the improvement of the macroeconomic environment in the region, especially in Saudi Arabia.
He indicated that investment in the region should be attractive, especially in Saudi Arabia, and this includes 4 positive factors, including:
- Macroeconomic environment
- Expertise that Investcorp has in you that you can contribute to
- Demand or liquidity in the market,
- Market opportunities.
“Today in Saudi Arabia, there is steady and strong growth, and we are optimistic,” Majdalani said, noting that the macroeconomic environment has seen significant positive improvements.
He explained that the firm has over 40 years of experience, invests in 3 continents, and manages assets of $40 billion.
