VOL. XLIV

No 48

26-November-2001

SAUDI ARABIA

Saudi Arabia To Sell Stakes InSeven JV Companies

Following a cabinet decision on 19November, the Saudi Government has announced that it is planning to sell offmulti-million dollar stakes in seven joint-venture companies. Minister ofFinance Ibrahim al-'Assaf said that the kingdom held a 50% stake in thetargeted firms, which are managed by the state-owned General Investment Fund(GIF). The companies include firms in Syria, Bangladesh, Morocco, Pakistan,...