print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Sistema JSFC press releases

Sistema JSFC

November 26, 2015

Sistema JSFC and Wafrat Al Tawasul to establish joint investment company

Moscow, 26 November 2015. Sistema JSFC (LSE: SSA; MOEX: AFKS), a publicly-traded diversified Russian holding company is pleased to announce the signing of a Memorandum of Understanding (MoU) with Saudi Arabian company Wafrat Al Tawasul on the establishment of a Saudi-Russian investment company.

 The MoU was signed at a meeting of the joint intergovernmental Russian-Saudi Commission for Trade and Economic Cooperation as part of the Saudi Arabian business week that began in Russia on 23 November 2015. 

 The Saudi-Russian investment company will focus on sourcing attractive investment opportunities and completing investments in Russia, the CIS and the Kingdom of Saudi Arabia. Investments will be in agriculture, infrastructure, transport and other sectors. The company will open offices in Moscow, Dubai and the Kingdom of Saudi Arabia. The company may attract outside investors to fund investments.

 Vladimir Evtushenkov, Chairman of the Board of Directors of Sistema JSFC and Chairman of the Russian part of the Russian-Arab Business Council said: "The establishment of the Saudi-Russian investment company will not only facilitate the development of Sistema and Wafrat Al Tawasul, but will also strengthen trade and economic ties between Russia and Saudi Arabia. The formation of this joint company represents an important milestone in the relationship of our two countries. And I am confident that this initiative will help bolster Sistema's standing in international markets." 

                                                                                         ***

 For further information, please visit www.sistema.ru or contact: 

IR Service

Yulia Katukova

Tel.: +7 (495) 692 22 88

katukova@sistema.ru

Press Service

Sergei Kopytov

Tel.: +7 (495) 228 15 32

kopytov@sistema.ru 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer