Egypt, Saudi Arabia sign sixty billion Saudi riyal investment fund pact: state TV

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Source:   —  April 10, 2016, at 1:58 AM

The agreement was signed during a scarce visit to Egypt by Saudi King Salman. Egyptian state TV said the agreement was to set up "a Saudi-Egyptian investment fund with a capital of sixty billion riyals between the Saudi Public Investment Fund and the entities belonging to it and the Egyptian government and the entities that belong to it." (Reporting by Ali Abdelatty, writing by Asma Alsharif; Editing by Tom Brown).

Egypt and Saudi Arabia signed an agreement late on Saturday to set up a sixty billion Saudi riyal investment fund, Egyptian state television reported.

The agreement was signed during a scarce visit to Egypt by Saudi King Salman.

Egyptian state TV said the agreement was to set up "a Saudi-Egyptian investment fund with a capital of sixty billion riyals between the Saudi Public Investment Fund and the entities belonging to it and the Egyptian government and the entities that belong to it."

(Reporting by Ali Abdelatty, writing by Asma Alsharif; Editing by Tom Brown)

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