أرشيف Energy Capital Group | ByMENA https://bymena.com/tag/energy-capital-group/ News about technology, business, start ups, and entrepreneurship in the MENA region Wed, 11 Oct 2023 12:20:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://s3.eu-west-1.amazonaws.com/cdn.bymena.com/wp-content/uploads/2023/08/cropped-New-Project-32x32.png أرشيف Energy Capital Group | ByMENA https://bymena.com/tag/energy-capital-group/ 32 32 SAUDI-BASED ENERGY CAPITAL GROUP CLOSES FIRST FUND OF $150 MILLION https://bymena.com/saudi-based-energy-capital-group-closes-first-fund-of-150-million/ Fri, 18 Aug 2023 12:17:46 +0000 https://www.bymena.com/?p=38202 Energy Capital Group (ECG), a Saudi-based  investment firm, has closed its first fund of $150 million, which will target the creation of energy leaders in the Kingdom of Saudi Arabia. The new fund was created through a merger of ECG and Cayan Holdings, with Riyadh-based Watar Partners advising the fund.  Anchored by Jada Fun of …

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]]> Energy Capital Group (ECG), a Saudi-based  investment firm, has closed its first fund of $150 million, which will target the creation of energy leaders in the Kingdom of Saudi Arabia.

The new fund was created through a merger of ECG and Cayan Holdings, with Riyadh-based Watar Partners advising the fund.  Anchored by Jada Fun of Funds, the fundraising effort aims to develop Saudi Arabia’s energy sector and industrial services, with a focus on furthering the industrial growth of Saudi Arabia as well as the Gulf Cooperation Council as a whole.

Founded in 2008 by Ali Al-Turki, ECG has already closed over $5 billion worth of transactions, with significant investments in Saudi Arabia and the MENA region.

 

 

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