An agreement signing ceremony between Al-Wasatah Al-Maliah (Wasatah Capital) Investment Company, and Al-Nasser Group Commercial Investments CO. (Engines Sector), was held on the evening of Tuesday, the 30th of June 2009 at the Riyadh Intercontinental Hotel – Hoffuf Hall.
Mr. Abdullah Mohammed Al-Fayez signed on behalf of Wasatah Capital as the company’s CEO, and for Al-Nasser Group, Mr. Salah Ibrahim Al-Nasser, the Group’s Executive Chairman.
The event witnessed the agreement signing as well as the exchange of the agreement between the two parties. In addition, a presentation was done about the two companies, which included a detailed explanation of the nature of the agreement.
Dr. Yasin AbdulRahman Al-Jefri, Wasatah Capital’s Chairman of the Board, invited the local, GCC, Arab, and international media to participate in this celebration, which he considered as further evidence reflecting the healthy situation of the local Financial and Commercial market despite the Global recession.
Mr. Salah Ibrahim Al-Nasser, Al-Nasser Group’s Executive Chairman, stated that this cooperation is part of the company's strategy, and its expansion plans in the near future, which came through the selection of Wasatah Capital as the financial advisor in the development process, which includes the expansion and development of the automotive and equipment sector of the company, and the establishment of a specialized leasing business, through the consultancy agreement that was signed.
The event included a Q&A session for the media, which were handled by both companies’ executives and representatives.
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