VOL. XLV
No 32
12-August-2002
SAUDI ARABIA
AFESD To Take A Stake In Private HealthcareCompany
The Arab Fund for Economic andSocial Development (AFESD) has signed an agreement with the Saudi GermanHospitals Group (SGH) under which AFESD will take a 3% share worth SR20mn($5.3mn) in the Middle East Company for Healthcare, which is being establishedin Saudi Arabia with total capital of SR700mn ($186.7mn). Shares in the companyare closed to the public and will be held by the Islamic Development Bank,...
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