Return of the Oryx

The Oryx as many of you already know( or don't) is an animal that was almost driven to extinction in the Arabian Peninsula (only to be re-introduced in the early 80s).

We 're talking here , however about the rebound Oryx Private Equity Fund, floated by National Commercial Bank Capital Company of Saudi that has acquired major stake in HBG - a private equity fund out of Dubai.

HBG has been involved with deals that focus on consumer logistics, financial services & infrastructure.

As per the terms of the deal, Oryx will act as anchor investor in HBG's $200 million private equity fund

The deal reinforces a growing trend of involvement by large scale financial institutions in Middle Eastern private equity either through wholly owned subsidiaries or in partnership with leading independent players.

HBG is expected to invest over $2 billion in course of the next investment period.