VOL. XLII
No. 25
21-June-1999
SAUDI ARABIA
Al-Zamil Group Announces Launch Of Saudi InternationalPetrochemical Company
Saudi Arabia痴 privately-owned Al-Zamil Group announced on10 June that it is in the process of forming a new joint stock company to benamed the Saudi International Petrochemical Company (SIPC). The new firm is tobe listed on the Saudi stock exchange and have a paid-up capital of SR500mn($133mn). Al-Zamil will hold 15% of SIPC. An invitation for subscriptions toSaudi and Gulf...
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