Middle East Economic Survey
VOL. XLVII
No 22
31-May-2004
SAUDI ARABIA
Saudi Government Issues License For Zamils Sahara Petrochemical Company
The Saudi government on 15 May issued a license for the Sahara Petrochemical Company, a joint-stock firm capitalized at SR1.5bn ($400mn). Last February the Zamil Group announced the formation of the new company (for details, see MEES, 5 April). The Sahara Petrochemical Company has 30mn shares with a nominal value of SR50 each. A total of 138 founders have...
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