SRMG invests SAR 160 mln in unnamed Saudi fund

03/06/2017 Argaam

Saudi Research and Marketing Group (SRMG) has injected SAR 160 million in a Saudi Arabian investment fund on June 1, the company said in a statement to Tadawul, without naming the fund.

 

The 10-year investment is renewable and aims to serve the company’s strategic goals and future vision, SRMG said.

 

SRMG’s board of directors had approved the deal since Dec. 7, 2016 after obtaining regulatory approvals, it added. 

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