Mar 23 2010
Saudi American Holdings Corp. announced its intention to expand into the green energy sector through investments and acquisitions including renewable energy sources and wind power. Saudi American Holdings, which is based in Florida, is an international holding company with a mandate to acquire undervalued private companies with a potential to enhance existing profitability. The decision to pursue investments in the green energy sector aligns perfectly with the strategy of the company to make investments in undervalued companies that are managed well by its executives.
Director of Saudi American Holdings Corp., Brad Van Siclen, the company is being presented with many opportunities due to the efforts throughout the world to adopt cleaner and renewable energy sources. These green investments will provide earning power in the long-term and also fits perfectly into socially responsible investment strategies, Siclen said.
Source: www.saudi-american.com