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...
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