The new fund has been formed with a merger between ECG and Cayan Holdings. ECG and Cayan Holdings led multiple private equity funds, which invested in regional & global energy and technology companies. From 2008, the previous private equity funds, launched and exited, achieved impressive multiples and provide a proven track record of growing portfolio companies, primarily within Saudi Arabia and the GCC. The new fund between both groups will target the creation of national leaders in energy and energy-related technologies.

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