VOL. XLII

No. 31

2-August-1999

SAUDI ARABIA

Saudi Arabia Pays $205Mn In Farmers Arrears

The Saudi Arabian Minister of Agriculture, Mr. 'Abd Allahbin 'Abd al-'Aziz ibn Mu'ammar, announced on 27 July that the ministry will paythe final SR770mn ($205.3mn) installment owed to local farmers in wheat andbarley arrears which have accumulated since 1995. The minister told the SaudiPress Agency that the payment covers the last of three portions of debt whichhas been repaid in the form of treasury bills.

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