VOL. XXX

NO. 6

17-NOVEMBER-1986

SAUDI ARABIA

SABIC to Privatise Ibn Hayyan soon

According to the Vice Chairman and Managing Director of the Saudi BasicIndustries Corporation (SABIC), Mr. Ibrahim ibn Salamah, the privatization ofone of SABIC's joint ventures the National Plastic Company (Ibn Hayyan) isscheduled to start later this month. The Ibn Hayyan project owned 85% by SABICand 15% by the Lucky Group of South Korea was set up in December 1983 to build apetrochemical complex at Jubail for the...