NCB Capital buys into Dubai private equity firm
- Published: 29 January 2008 10:35 GMT
- Author: Victoria Robson
- More by this Author
- Last Updated: 29 January 2008 19:10
NCB Capital, the investment subsidiary of Saudi Arabia's National Commercial Bank (NCB), has bought a stake in Dubai-based private equity firm HBG Holdings.
The acquisition of HBG's management company was made through NCB Capital's Oryx Regional Private Equity Fund.
The investment makes Oryx a major shareholder and investor in HBG's own $200m private equity fund. That fund is assessing investments in the retail, logistics, financial services and infrastructure sectors across the Middle East.
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