South Africa : Kingdom Holding & Caisse des Depots Group Announce Strategic Investment
Partnership
Mena report
13/06/2014
Kingdom Holding Company (KHC), Chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud
and Caisse des Depots International Capital (CDC International Capital CDCIC) have signed a
Memorandum Of Understanding (MOU) to establish an investment vehicle jointly managed by CDCIC
and KHC seeking to develop Saudi projects and ventures that shall benefit from the involvement of
French companies, technologies and know how. KHC-CDCIC platform will help advance bilateral
economic co-operation and trade and to facilitate access to long-term capital in both countries by
companies engaged in economic cooperation between Saudi Arabia and France. To advance this
partnership, a working group was formed, co-Chaired by Prince Alwaleed and Laurent Vigier, CEO of
CDCIC.
This partnership will seek attractive investments across a broad range of sectors and asset classes,
with strong focus on opportunities promoting economic co-operation between the two countries and
contributing to the growth and prosperity of both economies.