Al Hokair affiliate buys 51% stake in Canada’s Iplayco

: Sunday, June 29 - 2014 @ 02:41

Saudi-based FAS Holding Co (FAS) and its Canada-based subsidiary, FAS Entertainment B.C has agreed to acquire a 51% stake in Canada’s International Play Co (Iplayco) for $8.84m. Iplayco custom designs, manufactures and installs commercial indoor playground equipment and outdoor playgrounds. FAS is an affiliate of Saudi retail group, Fawaz Abdulaziz Al Hokair. Langley, British Columbia-based Iplayco said proceeds would be used to fund working capital requirements and other corporate needs.

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Sunday, June 29- 2014 @ 2:41 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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