Recent investments by Saudi investors

SEDCO Capital started operations with US$3 billion asset portfolio

  • A year after being granted with the license by the Saudi Arabian Capital Market Authority, SEDCO Capital has formally launched as a wealth management company focusing on super and ultra high net worth individuals, sophisticated institutional investors and family offices. SEDCO Capital is owned by the Bin Mahfouz family, one of the prominent banking families in Saudi Arabia. Read more

Saudi investors of Kingdom Holding invest $60 million in Glencore IPO

  • Prince Alwaleed bin Talal, chairman of Kingdom Holding, and the firm have placed an order for $400 million but received $60 million in Glencore IPO. Read more

Saudi investors eye investment in German oil refinery

  • A Saudi Arabian trust is interested in purchasing the Wilhelmshaven oil refinery in Germany put up for sale by US group ConocoPhillips, broadcaster NDR reported on its website this month

Saudi investors to start $16.9 billion bank in Egypt – Bloomberg

  • A group of Saudi Arabian businessmen plan to set up a $16.9 billion investment development bank in Egypt, state-run Middle East News Agency reported, citing Saudi billionaire Sheikh Saleh Kamel. Read more

Investors investing heavily in Philippines agriculture sector

  • Saudi investors are investing in joint ventures to produce several products in about 5,000 hectares. Bahrain currently produces bananas in 1,000 hectares of land in the Philippines and Kuwait investors are looking at 1,000 acres for rice cultivation. Read more

Credit Suisse raises $6.2 billion from Qatar and Saudi investors

  • Credit Suisse Group has raised $6.2 billion from Qatar and Saudi Investors by executing an agreement with Qatar Holding and Olayan Group on Feb 14. Read more

Saudi investor acquired stake in GM for $500 million

  • Saudi billionaire Prince Alwaleed Bin Talal bought $500 million of General Motors shares through the automaker’s IPO – the Bloomberg is reporting. The 1 percent stake in Detroit-based GM was acquired because of “the global strength of General Motors brand, the relatively attractive offering price, and the company’s growth prospects in Brazil and China,” the Riyadh, Saudi Arabia-based company said.

Saudi investors to buy Paris Crillon hotel for $350 million

  • US investment group Starwood Capital is about to sell the Hotel de Crillon in Paris to Saudi investors for around $350 million, the Reuters is reporting. The buyer may have to spend an additional $140 million to renovate the luxury hotel which is located near the Champs Elysees on the Place de la Concorde.

Saudi private equity firm and CIT acquired London King’s Reach Tower for $90 million

  • Jadwa Investment an investment manager part-owned by the Saudi royal family, and European investor CIT bought London King”s Reach Tower for more than $90 million and are planning on spending a further $300 million on the building – The London Offices News is reporting

Saudi investment firm to acquire 20% stake in Indian infrastructure company

  • SBG Projects Investments, a member of Saudi BinLaden Group will buy a 20% stake in Maytas Infra, the Indian infrastructure company for more than $106 million. Maytas Infra will allot 15.45 million equity shares to SBG Projects Investments on a preferential basis. Following this, SBG will become a co-promoter of the company besides IL&FS Group, the current promoter.

Siraj and Rasmala announced funds targeting Saudi Arabia

  • Two Middle East private equity firms, Siraj and Rasmala, have announced funds targeting Saudi Arabia.Siraj Capital, a Saudi private equity firm, will set up a $100 million private equity fund to acquire small and medium-sized firms in the kingdom – according to the Reuters. The firm will use the fund to make three to four acquisitions in the hospitality, food and beverage sectors, as well as the service industry sector. (Last year, Siraj Capital made three investments in Saudi Arabia, including Saudi fashion brand Lomar, telecommunications contractor and systems integrator Delta United and Holiday Inn Express hotels)