VOL. XXXII
NO. 23
13-MARCH-1989
Financial and Banking News
INVESTMENT ACTIVITIES
Saudi Cairo Floats New Company Concept
A new joint-stock company, to be known as The Saudi Industrial DevelopmentCompany, is being promoted by Saudi Cairo Bank. The new Jiddah-based companywill have a capital of SR400mn, half paid. Its function will be to developsecond and third generation petrochemical projects (in such areas as aromatics,magnesium, amino ethanol, ethylene dibromide, and textiles) and...
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