Abraaj eyes deals in Saudi

The first transaction in Saudi Arabia for Dubai-based private equity firm Abraaj Capital could be closed within the first half of the year, Reuters has reported. Sari Anabtawi, head of Abraaj's Saudi affiliate told the news service the firm is particularly interested in the fields of education, healthcare and manufacturing, especially in the food industry. Any single transaction would 'ideally' involve $300m but the company could spend up to $600m for deals in the country, he added.