VOL. XLI
No. 02
12-January-1998
SAUDI ARABIA
SABIC Acquires Lucky Goldstar's Stake In Ibn Hayyan
The Saudi Basic Industries Corporation (SABIC) has purchased the15% stake of South Korea's Lucky Goldstar Group in the National Plastic Company (IbnHayyan) - a SABIC affiliate. Prior to the takeover Ibn Hayyan was owned 71.5% by SABIC,15% by Lucky Goldstar, 10% by the National Industrialization Company (NIC) of Saudi Arabiaand 3.5% by two local plastic products companies. Ibn Hayyan, which went on...
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