RIYADH: A delegation from Jadwa Investment and United Matbouli Group (UMG), headed by Prince Faisal bin Salman, chairman of Jadwa board of directors, visited South Korea last week at the invitation of Samsung Company for Electronics.
Prince Faisal was accompanied by a number of members of the board of directors and top management of Jadwa and senior executives from Al-Matbouli Group. Jadwa Technology Special Opportunity Fund recently acquired shares in UMG, the exclusive agent of Samsung in the Kingdom, following its foray into the technology sector.
During the visit, the delegation held a series of meetings with the top executives from a number of Korean companies to discuss means of further deepening bilateral cooperation.
The Korean executives were briefed on the nature of Jadwa investments inside the Kingdom and abroad during the meetings.
In Seoul, the delegation held talks with a number of executives from Samsung including Ju Hua Yon, member of the board of directors and head of the executive bureau.
They also witnessed the latest shipbuilding technology when they visited Samsung Company for Heavy Industries.
They visited Hyundai Motors and toured the Asan factory where they were shown the latest technology in car manufacturing. The factory produces 1,200 cars a day.
The panel also paid a visit to SK Telecom Group, the third largest company in South Korea.
The group controls about 50 percent of communications in the country.
They met with the company's chairman and heads of other affiliate companies.
The delegation also held talks with officials of the Lotte Group that specializes in food products.
© Arab News 2011
