[Pakistan] Ghani Gains From Saudi Investment

Swicorp Joussour has acquired a strategic equity stake in Ghani Glass Ltd, a publicly listed glass manufacturer with a dominant market position in container and float glass in Pakistan. The company operates through three factories across the country and serves all the key multinationals. The company recently entered into a joint venture with the Ras Al Khaimah government to establish a pharmaceutical glass manufacturing plant in the UAE. The Ras Al-Khaimah plant is expected to be commissioned by May 2008.