Kuwait’s Kharafi Group sees potential for expansion in Saudi Arabia, Egypt, Qatar and the United Arab Emirates, Vice President Marzouk Nasser Al-Kharafi said.
“There are a lot of opportunities and we will select what’s the appropriate investment in light of current developments in the region that are suitable,” Al-Kharafi said in an interview in Beirut today. “There are opportunities in the hundreds of millions” of dollars, he said.
The Kharafi Group has holdings in a number of companies listed on the Kuwait Stock Exchange, including Mobile Telecommunications Co., Kuwait’s biggest mobile-phone company, and Kuwait Food Co.
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