Middle East Economic Survey

VOL. LIII

No 34

23-Aug-2010

SAUDI ARABIA

Olayan Group Confirms Involvement In Credit Suisse Fund

The Olayan Group of Saudi Arabia has now confirmed that it is participating in a $1bn emerging markets fund launched by Credit Suisse. According to a report in the Saudi-owned daily al-Sharq al-Awsat of 19 August, the group told the paper that it had acquired a stake in the fund without taking notice of its other participants, adding that it had decided to join in a...