Apr 04, 2025 | Posted by Abdul-Rahman Oladimeji
UAE-based Khazna Data Centers has taken investment from MGX and Silver Lake. Both firms are now holding undisclosed minority stakes in Khazna, alongside majority shareholder G42. The company described the news as “an exciting new chapter” in its development.
As the two new investors come on board, e&, the telco formerly known as Etisalat, has exited its stake in Khazna, though the company said it remains a “key business partner.” Its holding in the company has been purchased by G42 for $2.2 billion.
Hassan Alnaqbi, CEO of Khazna Data Centers, said: “Our ambition is to enable the growth of artificial intelligence and digital economies by delivering data centers that are designed to handle the high-density computing requirements essential for the applications powering the future economy.
“With G42, and now the additional support of MGX and Silver Lake, two leading global investors, we are well-positioned to accelerate our global expansion plans and enhance our AI-optimized capabilities for a new, digitized world.”