An investment firm backed by Abu Dhabi's Al Maskari family is planning to list a blank-check firm in the city, Bloomberg reports, citing people familiar with the matter. This would be the second such deal in the Middle East.
MEASA Partners is targeting a listing for the SPAC this year, the people said, asking not to be identified as the information isn't public. It's working with Abu Dhabi Commercial Bank PJSC and Credit Suisse Group AG on the potential listing, they said.
Abu Dhabi Catalyst Partners, a joint venture between Mubadala Investment Co. and Alpha Wave Global, is expected to anchor the transaction, the people said. Details of the offer such as its size and timeline are still preliminary and subject to change, while more banks may be added at a later stage, they said. Read more.