News

Waha Capital abandons planned PE fund

Cancel_buttonAbu Dhabi-based private equity group Waha Capital has abandoned plans to launch a $300 million private equity fund. The proposed fund launch was publicised at the end of 2017 but there has been little mention of it lately, including at a May presentation to investors. According to a source reported by Reuters, Waha Capital had signed up a number of investors but have abandoned the fund strategy and will instead focus on a deal-by-deal approach. The source added that a challenging environment in which to raise money has been made worse by the recent controversy at Abraaj, the region’s biggest buyout firm which is currently in a dispute with investors over its running of its $1 billion healthcare fund. Waha Capital’s decision to shelve the PE fund follows a major management reshuffle in March which included the election of a new board, the appointment of a new chairman and a new chief executive as well as the departure of the chief operating officer and head of private equity. ©2018 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.