Saudi Manara buys 21 pct stake in ACT Airlines

The New Anatolian - A representative for Saudi-backed Manara Investments Ltd. announced that the company has acquired an effective 21 percent equity stake in Istanbul-based cargo carrier ACT Airlines. He pointed out that Manara, a newly-established investment vehicle sponsored by four leading Saudi business groups, is now focused on enhancing its business within the Middle East and North Africa region, Eastern Europe, Central and South Asia.