VOL. XLII
No 49
6-December-1999
SAUDI ARABIA
Board Members Elected For New Private Petrochemical Company
The Saudi International Petrochemical Company (SIPC), theestablishment of which was approved in October, has elected a board. TheRiyadh-based company will be capitalized at SR500mn ($133mn), and will have10mn shares, each with a nominal value of SR50 divided amongst 73 shareholders.The company痴 shares will not, however, be traded for the first two years.Shareholders include Saudi Arabian and...
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