SEDCO announces expansion plans

SEDCO Holding plans to expand its investments in the Kingdom market. Dr. Adnan Soufi, CEO of SEDCO Holding, stated that SEDCO is looking for investments of above USD 20 million that give control or significant minority rights with the ability to influence the decision-making process through board participation.
He added that SEDCO's immediate focus for acquisitions would be in the Kingdom, preferably in defense and healthcare sectors.

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