date:Nov 12, 2013
cted to have net income of around 100 million riyals this year, the source added.
KKR, TPG and Abraaj all declined to comment, while Kudu could not be reached for comment.
When you are talking about valuations of around 20 times earnings, you are clearly in a seller's market. There are very few businesses in Saudi for sale and if it's a consumer play, it always commands a premium and lots of attention, the private equity source said.
Saudi Arabia is the largest Gulf Arab economy and its consu