UAE-based Khazna Data Centres has welcomed MGX and Silver Lake as new minority shareholders. This restructuring means that telecom operator e& will exit from the company, although it will continue as a key business partner.
Khazna welcomes new investors
MGX and Silver Lake will remain alongside G42, which holds the majority stake in Khazna. Hassan Alnaqbi, CEO of Khazna Data Centres, emphasized that the company aims to support the growth of artificial intelligence and digital economies. It does so by delivering high-performance data centres that can handle the demanding computing requirements of future applications.
He stated: “With G42 and now the additional backing of MGX and Silver Lake, two leading global investors, we are well-positioned to accelerate our global expansion plans. Furthermore, we can enhance our AI-optimized capabilities for a new, digitized world.”
Khazna acknowledged e&’s significant role in its success and confirmed that their collaboration will continue. The telecom company will assist in delivering AI-grade connectivity and advanced digital infrastructure solutions.
This new shareholding structure marks an exciting phase for the company. It further strengthens Khazna’s position as one of the fastest-growing hyperscale data centre networks in the world.
