MEFIC Capital has won the CFI Best Private Equity Fund Manager award for the year 2017 afterĀ working on two transactions:
āĀ a 30% stake acquisition in Ghathaāa Al Sultan For Fast Foods Company, a leading quick service restaurants (QSR) chain in the Western & Southern Province of the Kingdom operating 22 restaurants under the brand name āSultan Delight Burgerā; and
ā a convertible mezzanine fund to support the expansion of a local restaurant chain.
Mr. Ibrahim Al Hedaithy, the Managing Director of MEFIC Capital, said: āWe are very pleased to receive this award which recognizes the efforts and vision of our team to become a leading Private Equity player in Saudi Arabia. This will add to our success story and pave the way for a stronger futureā.
Joseph Hakme, Head of Private Equity at MEFIC Capital, added, āThis award is recognition of our strategy in Private Equity which is oriented toward the promising small and medium enterprises sector (SME) in KSA. The Saudi SME sector is still, in our view, largely untapped by the traditional Private Equity players and offers attractive investment opportunities. We look forward to continue expanding our Private Equity activities in KSAā.
This award is an addition to the Asset Management award received by MEFIC Capital for the year 2017 from Global Banking & Finance Review.
Established in 2007, MEFIC Capital is the second entity that has obtained license from CMA. It has been a prominent player in the investment management industry of Saudi Arabia with services and products covering all asset classes including Real Estate, Fixed Income, Public Equity and Private Equity.
