AlKhair Capital has been awarded the Global Business Awards for 2018 as the best growing company in providing financial advisory services to corporates in Saudi Arabia.
The firm has transacted several advisory deals, the most prominent of which were closing of two merger and acquisition (M&A) deals covering the healthcare and food sectors in Saudi Arabia, said a statment.
The company was also appointed as the lead manager and underwriter in connection with the rights issue of the Saudi Industrial Export Company.
In addition, Al Khair Capital has successfully launched and closed four private equity funds targeting the healthcare, education and food sector in Saudi Arabia with a total capital of SAR 400 million, mainly from institutional investors outside the Kingdom. As a result, the total assets under management for alternative business (private equity class only) increased to SAR 650 million.
“We are currently working on two M&A transactions (disposals) covering the healthcare and education sector in Saudi Arabia, in addition to acting as an exclusive financial advisor and arranger in connection with a structured finance transaction and also a mezzanine financing transaction,” Khalid Al Mulhim, managing director and CEO of AlKhair Capital, said.
AlKhair Capital Saudi Arabia is a closed joint-stock company licensed and regulated by the Capital Markets Authority (CMA).
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