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Qalaa Holdings considers investment in Saudi energy sector

Qalaa Holdings considers investment in Saudi energy sector

ArabFinance: Qalaa Holdings (CCAP), through its subsidiary TAQA Arabia, is considering entering the Saudi energy market, especially for gas distribution, Chairman of Qalaa Holdings, Ahmed Heikal, said in an interview with Asharq Business on November 9th.

Heikal revealed that a working group has been in Saudi Arabia for two months to set a final outline for the company’s investments.

He noted that Saudi Arabia represents an important opportunity for the company.

Qalaa Holdings, formerly Citadel Capital, is an Egypt-based company engaged in private equity investment activities.

The company manages an investment portfolio that consists of 19 opportunity-specific funds and spans 14 industrial sectors such as energy, cement manufacturing, solid waste management, real estate, mining, agricultural, glass manufacturing, transportation, and metallurgy.

 

 

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