date:Jul 14, 2014
y as part of the deal, according to the statement, which didnt detail terms.
Olayan, one of the most prominent Saudi Arabian family-owned firms, was in talks to buy a majority stake in Gulf Union in a deal potentially worth about 500 million riyals ($133 million), people with knowledge of the matter said last month. Private equity activity in the largest Gulf Arab economy is accelerating, especially in the consumer and retail sectors.
TPG Capital and Abraaj Group are seeking funding for the po