RIYADH: Five memorandums of understanding were signed on the sidelines of the Saudi-Thai Investment Forum in Riyadh on Monday. The first MoU was signed between the Saudi Federation of Chamber and the Board of Trade of Thailand to explore investment opportunities in the private sector. The second MoU signed between the Saudi Ministry of Investment and Gulf Energy Development
This is the second of eight units ordered by a joint venture between Gulf Energy Development Public Co, a Thai independent power producer and Japan’s Mitsui & Co.
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By Pan Yue
08.00 AM
Thai power company Gulf Energy Development Public Co is in talks with a large group of banks to support its jumbo acquisition of the telecommunication firm Intouch Holdings.
Gulf Energy is looking for a bridge loan with tenor between one and 1.5 years with a size of around Bt17bn ($5.3bn) to support the acquisition, the company said in an emailed response to GlobalCapital Asia. Considering the large size, the power producer is in talks with
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