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Offshore Power Expert Corporation Company Limited (OPEC), an American governmental organization specialized in finance and development, has concluded a commitment agreement with Abraaj Capital, to invest $ 150 million in supporting small and medium-sized enterprises located in the Middle East and North Africa.
The Riyada Enterprise Development (“RED”), which capital amounts to $ 400 million under the supervision of Aureus Capital, a subsidiary of Abraaj, is considered a fund-raising source for small and medium-sized enterprises in the region.
The application was signed by John Morton, a representative of OPEC, and Mostafa Abdel-Wadood, CEO of Abraaj Capital.
