A new heavy equipment leasing company has been founded in Saudi
Arabia this week, after being approved by the country’s Ministry of
Commerce and Industry.
The company, Arab Company for Heavy Equipment Leasing, has
access to over €200 million in capital, and is 62.3 percent owned
by the Arab National Bank.
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Dubai news service Argraam Business Info reported that the
company would be involved in the import and export of heavy
construction and industrial assets, as well as leasing and
maintenance of equipment.
