AGF Chairman and CEO/President of Saudi National Automobile Manufacturing Co. (SNAM) sign Financial Advisory MOU.

AGF and ICBC delegation meet Saudi National Automobile Manufacturing Co. (SNAM) During the meeting, CAG Funds’s Chairman, Mr. Najib Choufani and Mr. Fahd S. Aldohish the CEO/President of SNAM sign Financial Advisory MOU. The final agreement is planned to be executed in end of February 2017 during the launching ceremony of SNAM, that is to be led by His Majesty King Salman bin Abdulaziz al Saud. As part of the agreement, CAG Funds will secure from its financial network USD300 million series A funding for SNAM, which is Saudi Arabia’s first ever national car manufacturer, part of the ‘2030 Vision’ Saudi government initiative.