VOL. XLV
No 26
1-July-2002
SAUDI ARABIA
Jiddah Holding Company ForDevelopment Established
The Saudi Minister of Commerce, UsamaFaqih, has announced the establishment of the Jiddah Holding Company for Development. The company willhave a capital of SR400mn ($107mn) divided into 8mn shares worth SR50($13) each.The 281 founders of the company havesubscribed to all the shares and have so far paid up a total of SR125mn($33mn). The objective of the company is to provide the services andinfrastructure...
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