âWe are looking at transactions in Europe and other areas,â Vally Khamisani, a director at Millennium said in an interview in Dubai yesterday. âThey can tap into capital which is focused on Shariah principles. The structures can fly well here.â
Persian Gulf investors are exploring opportunities outside the region, taking advantage of tightened lending in Europe to diversify. Middle East and North Africa private equity funds have about $10 billion available to invest after raising a record $5.4 billion in 2008, Gulf Venture Capital Association said in a July 20 statement.
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