VOL. XXXIII
NO. 2
16-OCTOBER-1989
Saudi Arabia
NIC Sets Up New Metal Casting Company
The National Industrialization Company (NIC) of Saudi Arabia has recently setup the National Company for Manufacturing and Casting of Metals (Ma'daniyyah)with a capital of SR100mn divided into 1mn shares of SR100 each. NIC has alreadysubscribed to 30% of the capital and various requests to participate in the newfirm have come from the private sector. At present the company has plans toimplement two projects: a...
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