VOL. XXX

NO. 20

23-FEBRUARY-1987

Financial and Banking News

REGIONAL BANKING

Saudi Arabia and Jordan Set Up Investment Company

Saudi Arabia and Jordan have signed an agreement to set up a 50/50 jointventure company capitalized at $500mn. The company, which is headquartered inAmman, will invest in agricultural and industrial projects. It has a six-manboard of directors and a term of 50 years.