Cairo - Mubasher: Private equity firm Gateway Partners has revealed plans to invest its $757 million fund in Saudi Arabia, Egypt, and the UAE in the next year.
About 65% of Gateway Partners’ fund was invested in 10 deals in a group of countries including Indonesia and Nigeria, Bloomberg News reported.
The fund is seeking gross returns of 2.5-3 times of its capital, the global media corporation revealed, citing the partner Iyad Malas as saying.
Started in 2015, the eight-year fund can be extended for two years.
