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Bahrain’s Investcorp announced in a statement today, Nov. 23, the launch of a Saudi-focused pre-IPO growth vehicle.  

 

The vehicle is dedicated to investing in a diversified portfolio of companies at a pre-IPO stage of development in Saudi Arabia. It aims to raise $500 million, targeting high growth and underserved sub-sectors such as healthcare, consumer, transport and logistics, and business services.

 

In October, Investcorp Co-CEO Hazem Ben-Gacem said that the company plans to launch a $500 million Saudi Arabian fund to invest in private companies that will be eventually listed on the Saudi bourse, Argaam reported.

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