VOL. XL
No. 40
6-October-1997
SAUDI ARABIA
Canadian-Saudi Mining/Oil Joint Venture Set Up
Canada's Rainbow Petroleum Corporation and Saudi Arabia's Alsuhaimi Group of Companies(a conglomerate of 16 Saudi corporations) have set up a company specializing in mining,oil and gas and environmental projects. The new company - Rainbow Alsuhaimi - will beowned 40% each by the two founding companies and 20% by Mr. Sulaiman Alsuhaimi,Vice-President of Alsuhaimi Group and Chairman of the Board of the...
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