VOL. XLV
No 40
7-October-2002
SAUDI ARABIA
Subscription In Saudi Energy Services Company Closes
Subscription in the SR400mn ($107mn) share capital of thenew holding company Industrialization and Energy Services Company, which waspreviously to be known as the Energy Services Company has closed with theacquisition by 33 founders of 8mn shares of SR50 ($13) each which were oversubscribed. The kingdoms Supreme Economic Council decided four months ago toestablish a mixed holding company with...
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