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Saudi Arabia Approves Increasing its Stake in the Capital of Arab Investment, Exports Credit and Guarantee Corporation, diplomatic officials say
Dhu Published in Saudi Press Agency on 05 - 10 - 2013

AlQa'dah 29, 1434, Oct 5, 2013, SPA -- Saudi Ambassador to Egypt Ahmed bin Abdulaziz Qattan, who is also his country's Permanent Representative to Arab League, announced here today that the Government of the Kingdom of Saudi Arabia, has approved increasing its share in the capital of the Arab Investment, Exports Credit and Guarantee Corporation by Kuwaiti Dinar 1,875 million, to meet the increase in the organization's capital.
The increased sum will be paid in five installments per annum, beginning from April 2013, thus raising Saudi Arabia's stake to Kuwaiti Dinar 2,985 million, to maintain its contribution rate in the corporation's capital, he concluded.
-- SPA
22:33 LOCAL TIME 19:33 GMT
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