Middle East Economic Survey


No 26


Saudi Arabia

Saudi Aramco Increases Stake In Showa Shell To 15%

Saudi Aramco has increased its shareholding in Showa Shell to 14.96% under the provisions of an agreement signed with Royal Dutch/Shell Group in July 2004 (MEES, 12 July 2004). At that time, Saudi Aramco said that through its subsidiary Aramco Overseas Company it had signed an agreement with Shell to acquire a 9.96% strategic shareholding in Showa Shell, a publicly traded...