Arabiyya Lel Istithmaraat

Arabia Investments is engaged in the private equity investment activities. In January 2011, Arabia announced that it has canceled the signed contract with the Saudi investor, who owns 85% of Omar Effendi.s stake, to acquire his total shares in Omar Effendi Stores due to Arabia internal audit committee.s recommendation to not proceed with the acquisition process.
Financial Performance:
In March 2011, Arabia announced that its Board of directors has approved a revised share repurchase program and has increased the repurchase amount to 80 million shares, which represents 10% of the Companys share capital.