Riyada Managers will raise US$300-million in a new North Africa private equity fund

Riyada Managers, a private equity firm that is managed by former Abraaj Group management, has indicated that it plans to raise US$300-million in a new North Africa private equity fund by the end of 2020. The private equity firm has existing funds with investors that include the IFC, CDC Group, Proparco and the Swiss Investment Fund for Emerging Markets.

Riyada Managers was established in the Netherlands by Ahmed Badreldin and has a track record in profitable exits such as the Oncologie et Diagnostic du Marc (Morocco based diagnostic company) Magasins Aziza (Tunisia based supermarket chain) and Middlesex University Dubai.

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