VOL. XLII
No. 32
9-August-1999
SAUDI ARABIA
Arab Investors Complete Creation Of $133Mn SIPC PrivatePlacement
The al-Zamil Group announced on 1 August the completion ofthe private placement in the new Saudi joint stock company Saudi InternationalPetrochemical Company (SIPC). A statement from the al-Zamil Group said theprivate placement was positively received by Saudi, Gulf and Arab investors,and requests for participation had far exceeded the paid-up capital requirementof SR500mn ($133mn). The...
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