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MGX and Silver Lake Acquire Minority Stake in Khazna Data Centers

2 April 2025
Gulf Business
MGX and Silver Lake have joined G42 as minority shareholders in Khazna Data Centers, marking a pivotal moment in the company's growth trajectory. This investment enhances Khazna's status as one of the fastest-growing hyperscale data center networks worldwide.

As part of this deal, e& has divested its stake in Khazna but will remain a vital business partner. The collaboration with e& has been instrumental in Khazna's achievements, particularly in providing AI-grade connectivity and advanced digital infrastructure solutions.

Khazna aims to leverage this new investment to support the burgeoning fields of artificial intelligence and digital economies. CEO Hassan Alnaqbi emphasized the company's commitment to developing data centers capable of meeting the high-density computing needs essential for future applications. With the backing of G42, MGX, and Silver Lake, Khazna is poised to accelerate its global expansion and enhance its AI-optimized capabilities.

The support from these prominent investors positions Khazna to broaden its reach in key markets, addressing the increasing demand for innovative data center solutions.
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