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Foursan Group announces OPIC facility of USD150 million for next fund

Jordan: Thursday, February 08 - 2007 @ 09:33

OPIC will commit $50 million to the new fund. A signing ceremony was held today with Robert Mosbacher, Jr., President and CEO of OPIC, and Nashat Masri, a Partner with Foursan Group.

Foursan is a private equity specialist with a primary focus on the Middle East region. Foursan currently manages the Jordan Fund, a multi-sectoral private equity fund focused on Jordan which it launched with Deutsche Bank. Foursan plans to pursue a similar approach with the new fund, with an emphasis on promising sectors such as education, pharmaceuticals, financial services, aviation and telecommunications.

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Thursday, February 8- 2007 @ 9:33 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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