(MENAFN) The private equity firms Abraaj Group and TPG concluded their investments in Kingdom's largest fast food chain Kudi, according to a statement issued by Abraaj, Reuters reported.
Abraaj chose not to disclose the value of the transactions. Meanwhile, Kudu is on the verge of expanding its businesses. The deal marks the first for TPG in the region. TPG capital estimation is USD65 billion.
"The sharia-compliant debt investment made by an Abraaj -managed Fund and TPG, through a jointly owned vehicle, will allow the company to enter the next stage of its expansion," the statement said.