2006 News Story

Saudi-Malaysian businesses sign five major agreements

On the sidelines of Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz’s state visit to Malaysia, Saudi and Malaysian businesses have signed agreements for five major economic projects.

Dr. Ghassan Alsulaiman of F. Capital Bank and Johar Group’s Datu Mohammed Ali bin Hashim today signed an agreement to establish an investment fund for projects with capital of SR 750 million.

A second agreement was signed today by Chairman of the Saudi Arabian Television Manufacturing Company Ghazi Al-Shalhoob and Zein Alabideen Mohammed Saleh of Malaysia’s M. Mobile for technological developments in the Saudi mobile industry.

Three agreements were signed yesterday for joint ventures.