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Saudi Arabia: Investors asking for electrical acquisition

By  |  January 14, 2015

Al-Fanar Commercial Investment Company (ACIC) has offered a merger application to acquire Al-Fanar Company (AC). AC specializes in electrical, mechanical, and industrial works, and ACIC invests in land sale or lease as well as establishing warehouses, commercial and residential buildings.

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    The Saudi Council of Competition explained Wednesday that the application is the first of its kind for 2015 and will be evaluating the application.

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