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JEDDAH — New labor committees at companies in the Kingdom should ensure amicable relations between management and workers and protect labor rights, according to labor experts.

The membership of such committees, called for under new amendments to the Labor Law, will include selected workers and an administrator to represent employees during negotiations with management.

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JEDDAH — Saudi Arabia’s Public Investment Fund (PIF) holds the government’s stakes in companies including SABIC and National Commercial Bank. Saudi Arabia’s Public Investment Fund is seeking to hire bankers for international deals to help the kingdom acquire overseas technology and expertise, Bloombers News reported late Tuesday, citing four people with knowledge of the matter.

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