Middle East Economic Survey
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...