GLD Partners-backed Arabian Entertainment Company, a food, beverage and entertainment company, agreed to go public via a SPAC merger with Sagaliam Acquisition in a $379m deal. "We believe AEC has become one of the fastest-growing providers of fast casual dining experiences in Saudi Arabia thanks to its world-class leadership team, and the consistent high-quality service it provides to customers. We are confident in the AEC team and we believe they are ready to further accelerate their market position through this opportunity to become a public company," Barry Kostiner, Sagaliam CEO and Director.