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...