Majd Investment Acquires 25% Of Al-Wefaq Rent A Car Company (Yelo)
02/09/22, 11:00 AM
Majd Investment Company, the investment arm of Almajdouie Group, announced that it has successfully completed the acquisition of 25% of Al-Wefaq Company for Transportation Solutions (Yelo), which was established in 2000 and is one of the fastest growing brands today. This deal will contribute to raising the company's competitiveness and enhancing its leadership position in a sector that is witnessing a rapid growth as a result of the initiatives and programs of the Kingdom's Vision 2030 in the tourism and travel sectors.