VOL. XXXNO. 220-OCTOBER-1986

Saudis to Set Up Offset Investment Company

A group of Saudi businessmen are in the process of establishing the SaudiAdvanced Industries Company, a new firm to be capitalized at SR50-100mn($13.3-26.6mn), which will participate in the Saudi offset investment program.Saudi investors have been invited to subscribe to the share capital of the newcompany, with maximum individual shareholding limited to 5,000 shares of SR100($26.6) each. An advance payment of 25% of the...