13 Dhu al-Qi'dah 1445 - 21 May 2024
    
Sign up for newsletter
Eye of Riyadh
Business & Money | Tuesday 9 April, 2024 12:01 am |
Share:

Saudi Arabia's private equity investments reach $4B in 2023

Saudi Arabia witnessed an increasing interest in private equity investments from 2019 to 2023, MAGNITT said in a recent report.

 

The Kingdom's private equity investments reached a peak of nearly $4 billion in 2023, recording growth for three consecutive years since 2020.

 

Private Equity Investments in Saudi Arabia ($ mln)

Period

Investments Value

No. of Transactions

2019

523

7

2020

165

4

2021

610

10

2022

3581

28

2023

3969

30

 

The private equity investments were mainly focused on acquisitions during the period from 2020 to 2023.

 

Acquisitions dominated an average of 80% of the total private equity transactions over the past five years.

 

Private equity investments fall within the scope of alternative asset categories as part of private capital. Such investments are directed to companies operating under traditional sectors in exchange for shares or shareholdings.

 

The industrial sector led acquisitions in private equity investments from 2019 to 2023, recording $4.03 billion, or 46% of the total. It was followed by the financial services sector, with $2.58 billion, or 29% of the total.

 

The following table shows top sectors in terms of the value of private equity investments in Saudi Arabia from 2019 to 2023:

 

Top Sectors by Total Value of Private Equity Investments ($ mln)

Sector

Value of investments

Percentage of total

Industrial

4036

46%

Financial Services

2581

29%

Telecommunications

1000

11%

Healthcare

586

7%

Food and Beverages

155

2%

 

 


 

source : Argaam 

Share:
Print
Post Your Comment
ADD TO EYE OF Riyadh
RELATED NEWS
MOST POPULAR