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SAAF Gains Private Investor

February 2, 2006

Abdulrahman Saleh Al-Rajhi & Partners Co. Ltd., a private Equity Fund, has purchased a 49% stake in Saudi Arabian based Advanced Fabrics (SAAF), a manufacturer of spunmelt nonwovens. This is the fund’s first involvement in nonwovens. SAAF has recently added a treatment plant medical products and is preparing to install a second Reicofil spunmelt line.
    George Abraham, managing director of SAAF said, “This investment comes at an ideal time for SAAF combining two financially strong partners to accelerate SAAF’s aims to be a global player in the nonwoven hygiene and medical markets, and is an endorsement of SAAF’s strategy and success to date.”
 
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