Top French firms and sovereign fund acquire $150 million of KHC shares

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), met Laurent Fabius, French minister of foreign affairs in Riyadh. 
The meeting was also attended by Mohammed Fahmi, KHC’s CFO, Hassna Alturki, executive manager for International Relations to the chairman, Fahad bin Nafil, senior executive assistant to the chairman, Hassan Mukhtar, adviser to the chairman and Kacy Grine, adviser to the chairman.

Moreover, Prince Alwaleed representing KHC and Laurent Vigier, CEO of CDCIC (the French sovereign fund) that includes leading companies in France, signed an agreement in the presence of Adel Al-Jubeir, Saudi foreign minister, and Tawfiq Al-Rabiah, Saudi minister of commerce and industry, and Laurent Fabius, French minister of foreign affairs.

The agreement aims to help advance bilateral economic co-operation through projects in the energy, construction, telecommunication, security, waste and water treatment and other related activities in the region.

Prince Alwaleed and Fabius also discussed the deal of acquiring KHC’s shares with a minimum amount of $150 million (SR563 million). 
Moreover, the two discussed political, economic and cultural matters. 
They also discussed the bi-lateral relations between Saudi Arabia and France, and the strong relations between the prince and France, especially KHC’s investments in France.
Prince Alwaleed received at his office in Riyadh, on Tuesday Manuel Valls, French prime minister and an accompanying delegation.