KHC makes Nigerian energy firm investment

4 January 2012: Kingdom Holding Co (KHC), through its second Kingdom Zephyr fund, PAIP II, has made a $50m investment in the Nigerian-based oil and gas company, First Hydrocarbon Nigeria. The company invest in the gas and oil sector based on a strategic investment approach. FHN was established in 2009 to capitalise on the opportunities for indigenous Nigerian involvement in the upstream sector of the oil and gas industry.

Source: Ameinfo