VOL. XLV
No 8
25-February-2002
KUWAIT/SAUDI ARABIA
AFESD Takes 3% Stake In PrivateSaudi Health Firm
The Kuwait-based Arab Fund ForEconomic and Social Development (AFESD) on 13 February signed a partnershipagreement with the Saudi German Hospital (SGH) group, allowing it to contributeSR20mn ($5.3mn) to the establishment of a new subsidiary in Saudi Arabia, theMiddle East Company for Health. AFESD will hold a 3% stake in the company,which has a total capital of SR700mn ($186.7mn). SGH is the...
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