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Kingdom Holding Company and Caisse des Dépôts Group form investment partnership

Fri, 13/06/2014 - 12:01

Kingdom Holding Company (KHC) and Caisse des Dépôts International Capital (CDCIC) have signed a memorandum of understanding to establish an investment vehicle seeking to develop Saudi projects and ventures.

The KHC-CDCIC platform will help advance bilateral economic co-operation and trade and to facilitate access to long‐term capital in both countries by companies engaged in economic cooperation between Saudi Arabia and France.
 
To advance this partnership, a working group was formed, co-chaired by HRH Prince Al Waleed Bin Talal Bin Abdulaziz Al Saud, chairman of KHC and Laurent Vigier, CEO of CDCIC.
 
The partnership will seek attractive investments across a broad range of sectors and asset classes, with strong focus on opportunities promoting economic cooperation between the two countries and contributing to the growth and prosperity of both economies.


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