Al-Zayani Investments, a leading business conglomerate in the Kingdom of Bahrain, has acquired 50 percent of First Motors, the sole distributor for Hyundai Motor Company (HMC) in the Kingdom.
The deal was structured such that Al Zayani Investments will now be responsible for all managerial tasks at First Motors and running the company's business in all aspects, stated a press release.
Following the directives of the new management, First Motors is set for expansion and has thus started recruiting Bahraini nationals for various positions within the company.
Officials from First Motors new management team said they are confident of their ability of taking Hyundai vehicles to new heights in the Kingdom. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
