VOL. XXX
NO. 16
26-JANUARY-1987
SAUDI ARABIA
NIC Acquires 10% Stake in Ibn Hayyan
The National Industrialization Company (NIC) has finalized the acquisition ofa 10% stake in the National Plastic Company (Ibn Hayyan) worth SR43.8mn($11.7mn), according to Dr. Mahsun Jalal, NIC's chairman. Under a privatizationscheme disclosed in November (MEES, 17 November 1986), the Saudi BasicIndustries Corporation (SABIC), which originally had a 85% stake in Ibn Hayyanwith the Lucky Group of South Korea holding...
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