Saudi-Lebanese Financial Company Launched

Riyadh, February 02, 2010, SPA -- Saudi Investment Company 'Blominvest' has
launched its investment services after receiving approval from Saudi Capital
Market Authority.


The Company's Chief Executive Officer Khalid Farouq Salhab said that the
company's capital amounted to SR 100 million divided among Saudi and Lebanese
partners, 40% for the Saudis and 60% for the Lebanese.


In a meeting here on Monday evening attended by Lebanese Ambassador to the
Kingdom of Saudi Arabia Major General Marwan Zain, the Company estimated Saudi
investments in Lebanon at about SR 16 billion in the sectors of finance,
business, real estate, and the Lebanese investments in the Kingdom at SR 500
million came through 600 Lebanese investors.


--SPA