VOL. XLNo. 717-February-1997

SAUDI ARABIA

First Distribution To Shareholders In Saudi Electricity Companies

Following remarks by King Fahd bin 'Abd al-'Aziz to the effect thattwo "payments from profits" totalling SR520mn ($138.8mn) wouldbe made to shareholders, shares in Saudi electricity companies jumped invalue earlier this month. According to the Saudi daily al-Riyad of2 February, SAMA's Office of Share Supervision was forced to invokeits limit of 10% movement in value of share prices in one...