Banker Fouad Rahme, and a group of private investors and bank institutions, have established a private equity fund to invest in local small and medium companies. The size of the fund will be $50 million.
Rahme said that the first closing will be $25 million, out of which $12 million has already been committed from banking institutions and investors. The fund will be activated once the entire amount has been collected.
Unlike most such funds recently established, this one will no...
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