AlKhair Capital launches SAR 110 mln investment fund

AlKhair Capital Managing Director and Chief Executive Officer, Khalid Al-Mulhim announced the successful coverage and launch of a SAR 110 million closed-ended private equity fund that seeks to acquire a controlling interest in a company operating in the food and beverage sector in Saudi Arabia.

This Fund is the fifth fund established by AlKhair Capital in the last two years. The company manages four other funds in the healthcare sector with total assets under management of SAR 420 million -- all being alternative investment (private equity) vehicles.

AlKhair Capital was founded in 2009 in Riyadh, and is authorized by the Capital Market Authority to conduct securities business in Saudi Arabia for all activities, including managing of investment funds.