The Bahraini investment company Investcorp has joined a consortium of Saudi investors to acquire REDA Gulf Holding. This is reported in a press release from Investcorp.
The deal to buy out a manufacturer of equipment in the fire safety sector was one of the first acquisitions involving investments in Saudi Arabia amid the escalating Middle East conflict, demonstrating confidence in long-term growth prospects.
As part of a consortium led by AlTouq Group and Thara Future Investments, Investcorp will acquire a significant minority stake in REDA Gulf Holding through the Saudi fund Investcorp Saudi prior to the IPO in the amount of $500 million. The largest external shareholder of Investcorp is the state-owned investment company Mubadala (UAE).
The deal with Saudi Arabia is consistent with the strategy Investcorp to stimulate local production and develop segments outside the oil and gas sector. REDA's clients include Saudi Aramco and the large chemical concern Sabic.
REDA Gulf Holding is a security services holding company in key sectors including oil, gas, petrochemicals and aviation. The company operates four facilities in Saudi Arabia with offices in 19 countries. The headquarters is located in Al-Dammam (Saudi Arabia).
Investcorp is a multinational investment company and one of the largest alternative asset managers in the Middle East. The company manages assets worth $62 billion. The headquarters is located in Manama (Bahrain) with offices in the USA., Qatar, the United Arab Emirates, India, China, the United Kingdom, and others. Among the company's sponsors are some of the richest members of the royal family and business magnates in the region.
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