UAE's Gulf Data Hub explores minority stake sale, targeting $1bn valuation by Q3 2021 for expansion.

UAE's Gulf Data Hub, a data center operator established in 2012, is considering a minority stake sale to fuel expansion and meet the growing global demand for digital infrastructure. The company operates data centers in the Middle East and North Africa and aims to finalize the stake sale by Q3 2021, targeting a valuation of up to $1bn. Gulf Data Hub has drawn interest from international private equity firms and is working with JPMorgan Chase & Co. on the deal.