Algebra Capital is to launch a closed-ended Middle East North Africa fund, expected to list on Aim a...
Algebra Capital is to launch a closed-ended Middle East North Africa fund, expected to list on Aim around 16 July. The Mena vehicle will focus on special situation stocks in the region, with portions in private equity, fixed interest and cash. Countries included are UAE, Kuwait, Qatar, Bahrain, Oman, Egypt, Jordan and Morocco. It has an initial target of $250m with a seven-year term and a continuation vote after five years. Algebra is Dubai-based and serving as an adviser on the recently launched Franklin Templeton Mena offering. The group's founder and CEO Ziad Makkawi will head ...
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