MENA PE: $100M+ Deals Dominate, Energy Focus

The UAE-based engineering and construction giant completed a record-setting IPO, raising Dhs1.4bn ($381m), the largest-ever public listing in the UAE construction sector by valuation and size, and the first in the industry in over 15 years. The offering, consisting of 1 billion shares sold by Investment Corporation of Dubai (ICD), represents 20 per cent of ALEC's total capital, a bold move signalling strong investor confidence and robust demand in the regional markets. Here's what this means for Dubai’s capital markets and future construction sector listings. Full story here: https://lnkd.in/dPDEZsxq #ALECHoldings #DFM #IPO #UAEBusiness #DubaiMarkets #ConstructionIndustry #MENAInvesting #ICD #CapitalMarkets #IPOAlert #EngineeringNews #GulfFinance

Janus Henderson Investors has secured $125.5M in first-close commitments for its $300M MENA Private Credit Fund IV, a Shariah-compliant direct lending vehicle anchored by SIDF Investment Company - SIC, Abu Dhabi Catalyst Partners, and Saudi Venture Capital Investment Company (SVC). Led by Ali Dibadj (CEO) and Sikander Ahmed (Head of MENA Private Credit), the fund aims to close the region’s $250B SME financing gap through non-bank, Shariah-compliant credit solutions for growth, refinancing, recapitalisation, and acquisitions. “By combining Shariah principles with the resilience of private credit, we are opening new opportunities for businesses across the region" said Ahmed. The second close is expected by end of 2025, with final close set for mid-2026. Full article in the comments.

🏗️ Alec Holdings has set the final IPO price at Dh1.4 per share, raising Dh1.4 billion — marking the UAE’s largest construction IPO ever! 🚀 With demand oversubscribed by over 21 times and a market capitalization expected at Dh7 billion ($1.91B), this is a strong vote of confidence in the region’s construction sector and its ambitious future projects. Alec plans to start paying cash dividends from 2026, with a minimum payout of 50% of net profits — great news for investors looking for steady returns. 💰 The IPO listing is expected on October 15, 2025, on the Dubai Financial Market under the ticker “Alec.” How do you see Alec’s IPO shaping the future of construction and infrastructure investment in the GCC? 🏢🌍 #IPO #AlecHoldings #DubaiFinancialMarket #Construction #Investment #UAE #GCC #BusinessGrowth #Infrastructure

TFF Global Digest Private Equity in MENA: The Year of Major Deals 2025 became a turning point for the private capital market in the Middle East and North Africa. According to PitchBook, total PE investments in the region reached $13.8 billion in the first half of the year. Key players and transactions 🔵 Saudi Arabia. The Public Investment Fund (PIF) led a consortium with Silver Lake and Affinity Partners to acquire Electronic Arts - the largest PE deal in history, valued at $55 billion. PIF also announced the creation of a multi-asset investment platform worth up to $12 billion in partnership with Franklin Templeton, Neuberger Berman, and Northern Trust. 🔵 UAE. ADNOC and Austria’s OMV are in discussions to merge their petrochemical assets (Borealis, Borouge, Nova Chemicals) in a potential deal valued at over $30 billion. Sovereign funds Mubadala and ADQ continue to actively invest in global assets. 🔵 Local funds. Overall M&A activity in MENA reached a five-year high with 425 deals totaling $58.7 billion in the first half of 2025. The region is rapidly developing private credit and secondary markets. Financial hubs DIFC and ADGM are building infrastructure for structured products, attracting global investors. MENA has transformed from a capital recipient into a global investment hub shaping the world’s largest deals. #PrivateEquity #DirectInvestments #AlternativeInvestments #MENA #InvestmentBanking #VentureCapital #PrivateCredit #Infrastructure #SovereignWealthFunds #MergersAndAcquisitions #GlobalInvesting #Finance #Investments #EconomicDevelopment #EmergingMarkets #TFFPrivateEquity

TPL REIT Management Company (TPL RMC) is proud to announce its strategic partnership with Topline Securities and Growth Securities to strengthen investment avenues and foster growth in Pakistan’s real estate sector. This collaboration marks a key step forward in expanding innovative real estate investment opportunities and enhancing accessibility for investors nationwide. To read more, visit: 🔗 https://lnkd.in/eQp2ZdRp

Janus Henderson Investors has achieved a strategic milestone with the first close of its Shariah-compliant private credit fund, raising $125.5 million toward a targeted $300 million for the MENA Private Credit Fund IV. Anchored by SIDF Investment Company - SIC, Abu Dhabi Catalyst Partners, and SVC, the fund aims to bridge a $250 billion financing gap for SMEs across the region. The fund will make 10–12 investments of $15–$50 million over its eight-year life, offering customized, non-bank financing for growth, refinancing, and acquisitions. It’s the third fully Shariah-compliant vehicle managed by Janus Henderson’s emerging markets division, based in Abu Dhabi Global Market. CEO Ali Dibadj and regional head Sikander Ahmed emphasized the fund’s role in delivering values-driven capital and unlocking long-term growth for underserved businesses, while providing attractive returns for global and regional investors. Source: Khaleej Times --- #PrivateCredit #ShariahFinance #JanusHenderson #MENAInvestments #SMEFunding #AlternativeInvestments #AbuDhabiCatalystPartners #ImpactFinance #KhaleejTimes #MiddleEastFinance

Moderated by Omar A. Zaineddine, Executive Director, Head of DCM at Kamco Invest, this panel will focus on what companies and governments can achieve through the debt capital market. Speakers include:  Rasha Othman, Executive Vice President, Investment Banking, Kuwait Financial Centre - Markaz  William Tohmé, CFA Tohme, Managing Director, Middle East and Africa, MFS Investment Management Paul Lund, Head of MEA Corporate Ratings, Fitch Ratings  Khalid Al Rukhayes, Deputy General Manager, Global Markets Trading and Investments, KFH From financing growth and managing risk to enhancing capital efficiency, this session offers valuable perspectives on unlocking the full potential of debt capital markets. A must-attend conversation for issuers, investors, and market practitioners alike. For more information, visit: https://lnkd.in/d3qP8KBQ

Don’t be fooled by the headline. While this is labeled as an LBO, the deal structure tells a very different story. The record-breaking $55B “LBO” was funded with only $20B in debt (less than 40% LTPP!). Compare that to KKR’s takeover of TXU, the next largest LBO, which had a transaction value of $44B and was funded with roughly $40B in debt. This feels more like a great marketing play for Jared Kushner. And while I won’t speculate on the motives of Saudi Arabia’s Public Investment Fund, I highly doubt EA was valued based on a maximum price to achieve a minimum return, like Dell Computers or an actual LBO. 👉 https://lnkd.in/eDKCjuYk

Maynilad IPO shares on sale from Oct. 23–29 with IFC, ADB, and top local banks backing P34-B deal The listing marks a major step for the West Zone water provider, with support from key investors like International Finance Corp., the Asian Development Bank, and top local banks. Each share is priced at P15, as Maynilad aims to raise funds for its infrastructure and expansion projects. Story link in the comments. 👇

Dubai is turning its fiscal paradise into a powerhouse for private wealth. The new DMCC Wealth Hub is the latest step in that evolution Dubai Multi Commodities Centre launches wealth hub for family offices and private investors The Dubai Multi Commodities Centre has opened a hub to support wealth management for family offices, private investors and other financial firms in the emirate. The DMCC Wealth Hub will act as a single entry point into Dubai's private capital environment, offering support with complex cross-border structures, succession planning and governance. It offers tailored licences, including for single or multi-family offices, access to legal, tax and fiduciary experts, investment opportunities and integration with the centre's Tradeflow platform. Dubai-based family offices now have an estimated $1trn in assets under management, placing the emirate among the fastest-growing destinations for private wealth.