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sagia, swicorp launch $5bn consortium
premier swiss Published in Saudi Press Agency on 01 - 11 - 2005

based private equity and investment banking firm in the middle east and north africa (mena), announced yesterday a consortium to invest in energy-related projects worth $5 billion. the consortium will be known as swicorp joussour company (joussour).
the $5 billion funding for the company is structured into debt and equity, according to a report published today by arab news.
an amount of $500 million has already been committed by partners who include: the savola group, dallah albaraka holding group, aseer company, abdulkader almuhaidib & sons co., hayel saeed group, abdullatif saoud al babtain & bro. co., abu dhabi holding, saudi bin laden group, gulf power company, and swicorp capital.
--spa 13:01 local time 10:01 gmt nnnn

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