Asir to Invest SR50m in Jusoor Fund

Author: 
Arab News
Publication Date: 
Thu, 2005-12-15 03:00

ASIR, 15 December 2005 — Asir company board of directors agreed to invest in Jusoor Fund specializing in non-basic petrochemical industries. The fund is established for $500 million by a number of businessmen and companies. Asir’s share in the fund is $50 million. This is part of the company’s effort to diversify its investments which is mainly in food and services and will expand to include real estate and construction.

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