HSBC Saudia Arabia’s Logistics Fundby Forbes Middle East Forbes Middle East - Business News
HSBC Saudi Arabia has appointed Shariah-compliant alternative investment firm Arcapita as an advisor for a $150 million investment fund. Recommended Features
- HSBC Saudi Arabia
Review on HSBC Saudia Arabia’s Logistics FundBahrain-headquartered Arcapita will identify assets and assist in the financing and sale of assets, as well as provide asset management services, structuring, due diligence, monitoring and fund administration for HSBC Saudi Arabias fund.
Arcapitas CEO Atif A. Abdulmalik said his firms recent transactions highlighted opportunity in logistics in the GCC, leading to its agreement with HSBC Saudi Arabia. As hubs facilitating trade between key international ports, and gateways to Africas $3 trillion economy, Saudi Arabia and the U.A.E. are thriving logistics markets with a solid long-term investment outlook, said Abdulmalik in a press release.
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Created on Jan 30th 2018 02:15. Viewed 471 times.
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