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$160m Combined Saudi set up
- Saudi Arabia: Sunday, July 02 - 2006 at 15:44
A $160m joint venture company, the Combined Saudi Company, has been set up in the kingdom, reported Arab News. The new entity intends to promote Saudi-Kuwaiti investment in a range of different sectors including real estate, health care and tourism. Kuwait's Investment Dar owns 35% of the share capital, as does the Al Dammam Construction Company, while the remaining shares will be offered to selected investors.
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Jonathan Sheikh-Miller, Deputy EditorSunday, July 02 - 2006 at 15:44 UAE local time (GMT+4)
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