NO. 25


Saudi Arabia

Ma'daniyyah's Capital Paid Up Now

The Chairman of the National Industrialization Company (NIC) of Saudi Arabia,Dr. Mahsun Jalal, has announced that the SR100mn ($26.7mn) share capital of theNational Company for Manufacturing and Casting of Metals (Ma'daniyyah) is nowfully paid up. NIC has a 36% stake in the company, with the remaining capitalheld by various interests from the private sector. The company will launch itsactivities with two projects: a...