KHC invests into Nigerian energy firm

4 January 2012:: Kingdom Holding Company, the investment firm chaired by Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, has invested $50 million (approx Rs.267 crore) into First Hydrocarbon Nigeria (FHN), a leading upstream oil and gas company in Nigeria.

FHN transaction was through the second Kingdom Zephyr fund, PAIP II, said a statement from KHC. Besides KHC, the PAIP II's investor base includes African Development Bank, International Finance Corporation, European Investment Bank, and Netherlands Development Finance Company. Fernvale Investments (Mauritius) Private Limited, a wholly owned indirect subsidiary of Temasek Holdings.

Source: Trade Arabia