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FINANCIAL NEWS
Kingdom Holding injects USD50m in Nigeria’s FHN
01 Jan 2012
(MENAFN) Kingdom Holding, headed by Prince Alwaleed bin Talal, invested USD50 million in Nigeria’s First Hydrocarbon Nigeria Limited (FHN) through the second Kingdom Zephyr fund, PAIP II, Arab News reported.
PAIP II includes KHC, African Development Bank, International Finance Corporation, European Investment Bank, and Netherlands Development Finance Company.
Since its inception in 2008, PAIP II has invested close USD100 million in three ventures in Cote d’Ivoire, Madagascar and five North African countries. PAIP I, has invested more than USD100 million in private equity opportunities in sectors such as telecommunications, insurance, banking, consumer finance, and homebuilding.
It is worth mentioning that KHC’s portfolio includes investments in hotel properties and hotel management companies, real estate development in Jeddah and Riyadh, financial services, technology and media.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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