Saudi Arabian developer to invest in stocks

21/10/2014 13:51 AST

azan Development Company (Jazadco), a leading Saudi Arabian company specialising in agricultural activity, said it has won approval from the company's board, to invest SR20 million ($5.3 million) in Tadawul-listed shares.

Jazadco said the investment will be made through company's portfolio in Aloula Geojit Capital.

This move is aimed at diversifying the company's investments and income sources, it added.


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