NBK Capital Completes Sale of Nayifat Instalment Company (MENA)

Source: NBK Capital

NBK Capital’s Alternative Investments Group, a private equity and mezzanine fund manager in the Middle East and North Africa, has completed the sale of a 38 percent stake in Saudi Arabia-based consumer finance company Nayifat Instalment Company to Falcom Financial Services, a Saudi Arabia-based investment bank. The transaction was structured through NBK Capital Equity Partners Fund I. NBK Capital originally invested in Nayifat Instalment Company in 2008. Financial details of the transaction were not disclosed.