Saturday, Apr 21, 2012

BEIRUT (Zawya Dow Jones)--Bahrain's Vanguard W.L.L., a company that provides advice to start-ups and other ventures, has set up a new subsidiary in Saudi Arabia, pan-Arab daily Al Hayat reports.

Vanguard Saudi Arabia Co. will provide advice on venture capital, private equity, and business development activities, the newspaper said. Vanguard's managing director and founder Hazem Janahi was quoted as saying that the new company has been set up in partnership with Saudi businessmen.

Newspaper website: http://ksa.daralhayat.com/ksaarticle/387560

-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com

Copyright (c) 2012 Dow Jones & Co.

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21-04-12 1020GMT