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Saudi-Lebanese Financial Company Launched
Saudi Press Agency Published in Saudi Press Agency on 02 - 02 - 2010

Saudi Investment Company 'Blominvest' has launched its investment services after receiving approval from Saudi Capital Market Authority.
The Company's Chief Executive Officer Khalid Farouq Salhab said that the company's capital amounted to SR 100 million divided among Saudi and Lebanese partners, 40% for the Saudis and 60% for the Lebanese.
In a meeting here on Monday evening attended by Lebanese Ambassador to the Kingdom of Saudi Arabia Major General Marwan Zain, the Company estimated Saudi investments in Lebanon at about SR 16 billion in the sectors of finance, business, real estate, and the Lebanese investments in the Kingdom at SR 500 million came through 600 Lebanese investors.

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