"Arab Investment and Agricultural Development" Expect a letter of intent with "Sico" To support agricultural investments
Dubai, June 2 / WAM / The Arab Agricultural Development Investment Authority signed a letter of intent with the Siko -MBM Group, the regional bank in the field of asset management, mediation and investment banking services, and it has a direct presence in Bahrain, Saudi Arabia and the UAE, so that the group is a financial advisor to the authority to support its strategic initiatives, by defining direct investment opportunities in the agricultural and security sector Food.
The speech aims to support the goals of the Arab Investment and Agricultural Development Authority in the Arab region and the Gulf states, with a focus on Bahrain and Saudi Arabia, through cooperation in the authority’s projects, and facilitating investments through shares or debt financing bonds, as well as participating in business development activities.
His Excellency Dr. Obaid Al -Zaabi, Chairman of the Board of Directors of the Arab Authority for Agricultural Investment and Development said that this cooperation is in line with our strategic vision aimed at enhancing our capabilities, so that we can provide our projects with the tools and information necessary to achieve our ambitious goals, and by benefiting from the extensive experiences of Siko in providing financial consultations, we are qualified to implement projects with a significant impact that contributes to achieving sustainable growth, and this cooperation will focus On innovative solutions and strategic investments are able to face challenges and meet the aspirations of our region.
“We look forward to enhancing value and achieving sustainable growth in the agricultural sector, and through our concerted efforts with the authority, we seek to achieve a tangible development of the agricultural sector and ensure a safe and sustainable future,” said Najla Al -Shirawi, CEO of the Seko Group.
Within the framework of this joint cooperation, SICO will provide consulting services for acquisitions, including preparing for due care reports, evaluating companies and assets, structuring deals, and supporting the implementation of deals, and will participate in the activities of collecting capital for the Arab Authority companies invested in them, discovering the opportunities for promising joint projects, and that this partnership will contribute significantly to enhancing sustainable agricultural practices, supporting food security efforts in Throughout the region.
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