Government backed fund agreed to acquire 50% stake in Retail Arabia International LLC and 50% stake in Retail Arabia Ltd. from Gulf General Investment Company (P.S.C) (DFM:GGICO) for approximately AED 140 million in the fourth quarter of 2013. PricewaterhouseCoopers LLP acted as financial advisor for Gulf General.


Government backed fund completed the acquisition of 50% stake in Retail Arabia International LLC and 50% stake in Retail Arabia Ltd. from Gulf General Investment Company (P.S.C) (DFM:GGICO) on February 20, 2014.