Saudi KHC to expand investment in South Korea

12 Mar 2015

(MENAFN) After a meeting between the chairmen of Kingdom Holding and CJ group, the Saudi firm is eying potential partnership with the Korean firm, Saudi Gazette reported.

Seoul-headquartered CJ Corporation is a conglomerate holding company, which comprises numerous businesses in various industries of food service, pharmaceutics and biotechnology, entertainment and logistics.

Recently, chairman of KHC signed an MoU with Korea Investment Corporation (KIC), aiming at generating opportunities in private equity investments exchange of investments between both parties.

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