VOL. XXXV
NO. 9
2-DECEMBER-1991
Saudi Arabia
NIC Issues SR300mn in New Shares to Founding Shareholders
Saudi Arabia's National Industrialization Company (NIC) began to issue 6mnnew shares worth SR300mn ($80mn) to founding shareholders on 16 November. Theissue will double NIC's capital to SR600mn ($160mn). The decision to issue newshares was taken last July during an extraordinary shareholders' meeting (MEES,29 July). NIC shares are presently worth SR250 ($67), but the new shares arebeing offered...
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