SAUDI ARABIA

NIC Investments to Rise to $41mn by End-1986 

According to Dr. Mahsun Jalal, chairman of the board of the National Industrialization Company (NIC) of Saudi Arabia, the total capital cost of NIC investments in various projects will rise to SR150mn ($41.1mn) by the end of 1986 from the current SR80mn ($21.9mn) which have already been committed. Dr. Jalal also disclosed that at the end of 1985, his company had realized a net revenue of SR39.4mn ($10.9mn) with total assets of...