VOL. XL

No. 13

31-March-1997

SAUDI ARABIA

PrinceAl-Walid Purchases 5% Interest In Norwegian Cruise Line

Saudi Arabia's Prince al-Walid ibn Talal has shifted hisinterests from air to sea after subscribing to new shares of Norwegian Cruise Line HoldingASA (NCL) - amounting to 5% of the enlarged capital - worth $20mn. In an officialstatement from his offices in Riyadh, the prince commented: "I have long held aninterest in the direction being taken by the cruise industry and .I see in Norwegian...