VOL. XL

No. 30

28-July-1997

SAUDI ARABIA

Saudi Government To Pay $853Mn In Arrears To Local Farmers

The Saudi Arabian Government will pay out SR3.2bn ($853mn) to holders of specialfarmers' certificates maturing end-August. This amount represents the second of threetranches of payments worth a total of SR9.705bn ($2.6bn) that the government agreed tomake to about 30,000 farmers in settlement of debts owed for supplies of wheat deliveredbetween 1991 and 1993. The first tranche, worth more than...