- JEDDAH: The founding committee of Najran Holding Company for Development and Investment, a joint stock company under formation, has approved Financial Transaction House (FTH) to act as the lead financial adviser for the private placement.
With this, the company is expected to raise SR450 million paid-up capital. According to FTH Managing Director and CEO Faisal Alsayrafi, the company is an important investment and achievement with very high benefit for the region.
The region is characterized by plenty of investment opportunities, which are supported by the region’s Gov. Prince Mishaal bin Abdullah. The governor has confirmed on several occasions his support for investment in the region and to overcome challenges and create an investment environment that is ideal for businessmen.
He has also supported several initiatives, including the establishment of the Board of Investments in the region.