French fund for investment in Arab countries
The French group "Societe General" decided to set up a $50 million investment fund which will be used in buying shares in some companies in Arab countries like Egypt, Lebanon, Jordan, Bahrain, and Oman.
The fund will operate for five years as a starting period which could be extended for two more years. The fund will study additional investment opportunities in Saudi Arabia, UAE, Kuwait, and Qatar. The deadline for subscription in the fund is on 24 November.
