The Kingdom of Saudi Arabia's sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, according to five people with knowledge of the matter.
Indian smart phone market is witnessing robust growth rate and attracting foreign venture capitalists (VCs). The home-grown apps are creating more demand for venture capital. India is second largest market for smartphones after China.
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.