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NBK Capital Partners (NBKCP) launched a $300 million Shariah-compliant credit fund, with the Public Investment Fund (PIF) as its anchor investor.

 

The company said in a statement that the new fund aims to provide capital to mid-market companies in the Middle East, including Saudi Arabia and the UAE.

 

The credit fund expects to make 10 to 12 investments of $15 million to $50 million over its eight-year life, with attractive returns.

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