VOL. XLIII

No. 43

23-OCTOBER-2000

SAUDI ARABIA

License For Fourth Saudi Private Petrochemical Project

Saudi Industry Minister Usama Faqih on 10 October granted a license for the establishment of the National Industrialization Company for Petrochemicals the fourth private petrochemicals venture in the kingdom. The Riyadh-based company will be capitalized at SR500mn ($133mn) and will have 10mn shares with a nominal value of SR50 divided among 48 founders with all shares fully subscribed to and...