Middle East Economic Survey
VOL. XLVII
No 22
31-May-2004
SAUDI ARABIA
CAPITAL MARKETS
Saudi Arabias Cabinet Approves NCCI, Ma'aden Privatization
Saudi Arabias Cabinet on 24 May approved plans to sell off most of the governments share in the National Company for Cooperative Insurance (NCCI) and privatize the Saudi Arabian Mining Company (Ma'aden), after Saudi Arabias Supreme Economic Council (SEC) gave the green light to the sales on 19 May. The plans call for the states Public Investment Fund (PIF)...
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