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Sovereign Wealth Funds Briefing - Categorized | Investment

Khazanah buys 10 percent stake in Saudi’s Jadwa investment

Posted on 27 October 2008

From Bernama: Khazanah Nasional Bhd has acquired a 10 percent stake in Saudi’s Jadwa Investment, a Shariah compliant investment firm, for RM270.85 million in its long-term strategy to ride out the economic downturn and foster stronger ties between Malaysia and Saudi Arabia.

“We believe in Islamic finance and that it will certainly be part of the solution of these tumultuous time,” Khazanah’s managing director, Tan Sri Azman Mokhtar said at the agreement signing ceremony here, Saturday….. Full Article: Source


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