MGX, Silver Lake acquire minority stakes in Khazna Data Centers
With the backing of G42, MGX, and Silver Lake, Khazna is set to further expand its footprint in key markets, supporting the growing demand for cutting-edge data centre solutions
MGX and Silver Lake are new minority shareholders in Khazna Data Centers, alongside majority stakeholder G42.
The investment marks a significant development in Khazna’s expansion, reinforcing its position as one of the fastest-growing hyperscale data centre networks globally.
As part of the transaction, e& has exited its investment in Khazna but will continue to be a key business partner.
The company has played a critical role in Khazna’s success and will maintain its collaboration in delivering AI-grade connectivity and advanced digital infrastructure solutions.
Khazna eyes expansion with support of investors
“Our ambition is to enable the growth of artificial intelligence and digital economies by delivering data centres that are designed to handle the high-density computing requirements essential for the applications powering the future economy,” said Hassan Alnaqbi, CEO of Khazna Data Centers.
“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-optimised capabilities for a new, digitised world.”
With the backing of G42, MGX, and Silver Lake, Khazna is set to further expand its footprint in key markets, supporting the growing demand for cutting-edge data centre solutions.
