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NEWS
Al-Tawfeek launches Shari'ah compliant Private Equity Fund
Haya Rashed Al Khalifa Law Firm acted on behalf of Al-Tawfeek
Company For Investment Funds Ltd ('Al Tawfeek') in the creation
of the $100 million Al-Tawfeek Private Equity Fund (the 'Fund').
Al Tawfeek currently has a total of $1.5 billion under its
management.
This Fund is a closed-end private equity fund, incorporated in
the Kingdom of Bahrain and regulated by the Bahrain Monetary
Agency (BMA), that offers an investors an opportunity to invest
in the GCC equity markets.
The five-year Al Tawfeek Private Equity Fund, with a minimum
subscription of $250,000, will invest in late stage private
equity investments and pre-IPOs.
The HRAKLF team was headed by Arash Saidi, the firms specialist
in Collective Investment Schemes and Funds.
Details about Al-Tawfeek and the Fund can be found
here.
Further information can be obtained from
Arash Saidi at
a.saidi@hraklf.com
or by telephone on (+973) 17 537771 |
