They are buying it back, having sold out to HSBC more than a decade ago. One can only speculate on the reason why. A fair guess must be that the bank and the management team sharply disagree over their future business plan. HSBC Private Equity Middle East has $480 million under management.
http://www.arabianmoney.net/private-equity/2012/03/25/why-is-hsbc-selling-out-of-private-equity-in-the-middle-east/
http://www.arabianmoney.net/private-equity/2012/03/25/why-is-hsbc-selling-out-of-private-equity-in-the-middle-east/
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