Saudi developer to invest in stocks
RIYADH, October 21, 2014
Jazan Development Company (Jazadco), a leading Saudi 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.-TradeArabia News Service