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Saudi Land Transport Co.’s (Mubarrad) appointed on Tuesday Albilad Capital as its financial adviser for the private placement of its 95 percent-owned subsidiary Arabian Security & Safety Services Co. Ltd. (Amnco), Mubarrad said in a statement to Tadawul.
Amnco, which was established in 1984, provides professional security services and integrated cash management solutions in Saudi Arabia.
In January 2015, the transportation and logistics firm acquired a 95 percent stake in Amnco for a total of SAR 180.3 million, according to data available on Argaam.