M&A Deal Summary

Amwal AlKhaleej Acquires Right Angle Media FZ

On July 19, 2007, private equity firm Amwal AlKhaleej acquired media company Right Angle Media FZ

Acquisition Highlights
  • This is Amwal AlKhaleej’s 1st transaction in the Media sector.
  • This is Amwal AlKhaleej’s 1st transaction in United Arab Emirates.

M&A Deal Summary
Date 2007-07-19
Target Right Angle Media FZ
Sector Media
Buyer(s) Amwal AlKhaleej
Deal Type Buyout (LBO, MBO, MBI)

Target

Right Angle Media FZ

Dubai, United Arab Emirates
Right Angle was incorporated in Dubai Media City in 2004 and has recently secured a contract from the Dubai Roads and Transport Authority (RTA) to install over 1,000 Bus Queue Shelters (BQS) across Dubai, while maintaining the rights to sell advertising on these BQS’ for over 10 years. This contract has made the company one of the dominant outdoor media players in the UAE, which boasts one of the fastest growing advertising markets in the region.

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Buyer(S) 1

Buyer

Amwal AlKhaleej

Riyadh, Saudi Arabia
Category Private Equity Firm
Founded 2004
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Amwal AlKhaleej is a private equity group focused on opportunities in the Middle East and North Africa (MENA) region. Amwal AlKhaleej looks for high growth businesses with proven business models. The Firm does not have any sector preferences. Amwal AlKhaleej was formed in 2004 and is based in Riyadh, with additional offices in Dubai and Cairo.

DEAL STATS #
Overall 2 of 4
Sector (Media) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (United Arab Emirates) 1 of 1
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 Bank Audi S.A.L.

Beirut, Lebanon

The Bank is a full fledged regional bank with a presence in 12 countries. Based on a diversified universal model, it operates principally in Lebanon and the Middle East North Africa ("MENA") region and Turkey offering a full range of products and services that cover principally commercial and corporate banking, retail and individual banking, on-line brokerage, private banking and investment banking.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-29 Zohoor AL Reef

Al Khobar, Saudi Arabia

Zohoor AL Reef Co. engages in the retail of body care, skin care, perfumes, cosmetics, and hair care products in Saudi Arabia. Zohoor AL Reef Co. was founded in 1991 and is based in Al Khobar, Saudi Arabia.

Buy -
Mergr

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