Money
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- A coalition of companies from Egypt, Saudi Arabia, and the UAE has announced an $800 million industrial merger, set for completion in October, according to Zilla Capital’s Moustafa El-Shenety.
- Zilla Capital anticipates additional merger and acquisition deals worth $300 million within the next six months, managing transactions currently valued at nearly $3 billion.
- Zilla Capital plans to launch its fund and portfolio management arm in Saudi Arabia by the end of the year, aiming to double its portfolio to $600 million in the first year while partnering with a Saudi financial institution to target investments in Arab markets, Europe, and the US.
A coalition of private companies from Egypt, Saudi Arabia, and the UAE has announced an $800 million industrial sector merger set for October.
Moustafa El-Shenety, Managing Partner and Head of Investment Banking at Zilla Capital, said during an interview with Asharq channel, additional merger and acquisition deals worth $300 million to be completed over the next six months.
He also noted that Zilla Capital is currently managing transactions valued at nearly $3 billion.
Zilla Capital’s fund and portfolio management arm is expected to launch operations in Saudi Arabia by the end of this year, with an initial portfolio worth $300 million. The company aims to double its business volume to $600 million within the first year.
El-Shenety mentioned that the new entity will partner with a Saudi financial institution, focusing on investments in Arab markets, Europe, and the US.
Founded in 2018, Zilla Capital operates across various financial sectors, including non-banking finance, investment banking, and financial advisory.
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