Financial and Banking News

INVESTMENT ACTIVITIES

NIC Share Offer Set for November in Saudi Arabia

Saudi Arabia's National Industrialization Company (NIC), which has been formed to channel private sector finance into industrial projects in conjunction with the state owned Saudi Basic Industries Corporation (SABIC), has been given clearance to offer an initial 5% of its shares to the Saudi public starting on 26 November. The announcement was made last week by the Minister of Industry...