Cisco, EIB, Riyada Start $50 Million Fund for Lebanon Business

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Cisco Systems Inc., the European Investment Bank and Riyada Enterprise Development, a unit of Abraaj Capital Ltd., started a $50 million fund to provide long- term capital and institutional support for enterprises in Lebanon.

The fund will invest in 13 to 15 small and medium-sized businesses, the companies said in an e-mailed joint statement.

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2 responses to “Cisco, EIB, Riyada Start $50 Million Fund for Lebanon Business”

  1. Good for Lebanon, Hopefully Hezbollah wont mess it up

  2. Good for Lebanon, Hopefully Hezbollah wont mess it up

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