VOL. XXXV
NO. 38
22-JUNE-1992
Financial and Banking News
Investment Activities
Over-subscription for SIDC's Share Flotation
The share flotation of the Saudi Industrial Development Company (SIDC), whichwas launched on 16 May and ended on 30 May, was four times oversubscribed. Thecompany was set up in 1989 with a capital of SR400mn ($107mn), of which theoriginal 378 founders, together with the Saudi Basic Industries Corporation (SABIC)with a 10% stake, hold SR153.1mn ($41mn), or 38.25% of the total...
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