VOL. XLI
No. 12
23-March-1998
SAUDI ARABIA
Saudi Prince Invests $150Mn In South Korea
Saudi Prince al-Walid ibn Talal has signed two memoranda of understanding (MOU) withthe Korean companies Hyundai Motor Company and Daewoo Corporation to purchasedollar-denominated convertible bonds to the value of $150mn. Prince al-Walid will purchase$100mn, 5-year convertible bonds in Daewoo and $50mn, 3-year convertible bonds in Hyundaionce they are issued. He told the International Herald Tribune that his...
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