VOL. XXXNO. 510-NOVEMBER-1986

Financial and Banking News

INVESTMENT ACTIVITIES

Saudis Report Oversubscription to Offset Investment Company

Subscriptions to the newly-formed Saudi Advanced Industries Corporation(MEES, 20 October) have surpassed the SR100mn ($26.7mn) level, according toofficials of the Council of Saudi Arabian Chambers of Commerce. Investors in thenew company, which was set up to allow Saudi businessmen to participate in theSaudi offset investment program, are initially required...