Investcorp is acquiring a significant minority stake in REDA Gulf Holding through its $500 million Saudi Pre-IPO Growth Fund. The consortium, led by Al Touq Group and Thara Future Investments, marks one of the first inbound deals since the escalation of Houthi attacks. The transaction reflects confidence in Saudi Arabia's long-term growth despite regional instability.
REDA Gulf Holding, the parent of REDA Hazard Control, provides fire safety and security services to key sectors including oil, gas, and aviation. Its clients include Saudi Aramco and Sabic. The deal comes as Saudi Arabia pushes economic transition goals under Vision 2030, even as security risks and war pressure government finances.
REDA was exploring strategic options with Moelis & Co., offering a rare chance to invest in a private Saudi firm. This is the fifth investment from Investcorp's Saudi fund.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing