VOL. XLVII

No 14

05-April-2004

SAUDI ARABIA

Zamils Sahara Petrochemical Company To Expand Groups Sector Investments

The Zamil Group announced on 29 February the formation of Sahara Petrochemical Company, capitalized at SR1.5bn ($400mn). A statement said the private placement of shares (to the value of SR1bn) for the founders invited by the Zamil Group was greatly over-subscribed. The remaining share of the capital (SR500mn) is being offered at a public offering managed by The Consulting Center for...