VOL. XLVI

No 22

2-June-2003

SAUDI ARABIA

Industrialization And Energy Services Company Formally Established

Saudi Arabias Industry and Trade Ministry on 25 May announced the formal establishment of a holding company, the Industrialization and Energy Services Company (IESC), capitalized at SR533mn ($142mn). The new company will be involved in industry and in providing industrial support services in the oil, petrochemical, desalination, power and other sectors with the provision of goods, material...