The FG4 retail chain, which was launched by Next and George Asda fashion guru George Davies in Saudi Arabia this month could eventually grow to as many as 2,000 outlets across the region including properties in Bahrain.
The project, a join
Swicorp, a leading corporate finance advisory, is acting as exclusive financialadvisor to Savola on the conditional SR298 million ($79.5 million) share swap between the Savola Group and the Alhokair Group.
The share swap will enable Sa
Saudi-based conglomerate Savola Group plans to raise to 100 per cent its stake in retail giant Al-Azizia Panda United from about 92 per cent through a share swap and cash deal, Savola said.
Savola plans to issue 8.71 million new shares to