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Al Arabia of KSA sets up a joint stock firm in Egypt

The report showed that Tadawul turned in a higher volume of sukuk and debt instruments issuances, valued at SR753 billion.
By TRENDS Desk
December 12, 2021 6:59 pm
  • The outdoor advertising company said in a statement to Tadawul that it aims to bring about “a qualitative leap” in the sector in Egypt
  • The joint stock company will operate under a 25-year agreement and establish at least 120 advertising screens in Egypt

Al Arabia also known Arabian Contracting Services Co., has set up a joint stock company in Egypt with United Media Services Company, marking its first partnership outside the kingdom.

The outdoor advertising company said in a statement to Tadawul that it aims to bring about “a qualitative leap” in the sector in Egypt.

The joint stock company will operate under a 25-year agreement and establish at least 120 advertising screens in Egypt.

Al Arabia will supervise, manage and operate all stages of the advertising process to reach advertisers’ customers in Egypt, the company said.

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