Saudi Investors Set Up ‘Noor Asia’

RIYADH, 17 January 2006 — Saudi investors have established a holding company in Dubai under the name “Noor Asia” with an initial capital of SR100 million. The company aims at establishing and implementing projects in countries in central Asia, reported Al-Watan newspaper. The board of directors’ member Badr Al-Ojan said that the company would function as an investment holding company looking for opportunities with high returns in central Asia, especially Iran and its neighbors.