National Center for Privatization (NCP) of the Kingdom of Saudi Arabia signed a joint cooperation agreement with Crédit Agricole CIB Arabia Financial here today, aiming at cooperation and coordination between the two parties and the exchange of experiences, knowledge, data and information according to the competence of each party, in a way that serves common interests and enhances the investment environment in the targeted sectors. The signing ceremony was held in the presence of Mohammed bin Abdullah Al-Jadaan, the Minister of Finance, Chairman of the Board of Directors of NCP. The agreement was signed by Muhannad Basudan, CEO of NCP, and Mohamed Naeem Azhar Khan, CEO of Credit Agricole CIB Arabia Financial. The agreement includes several frameworks of cooperation, most notably expanding the bank's participation in market surveys for privatization projects, motivating it to participate in financial consultations for privatization and partnership projects and opportunities, in addition to attracting interested investors among the company's clients in privatization and partnership projects and opportunities between the public and private sectors, and organizing local and international events targeting investors, who are interested in privatization opportunities. It is worth mentioning that this agreement comes as a continuation of the cooperation agreements signed with local and international banks, and in an effort by NCP to attract international and local expertise in privatization and partnership projects between the two sectors and in cooperation with banks and financial companies.
