VOL. XXXIX

No. 17

22-January-1996

SAUDI ARABIA

Saudi BusinessmenSet Up Private Company For Industrial Investments

A group comprising 66 Saudi businessmen and companies has set up a Saudi closed shareholding company in Riyadh with a capital of SR424.485mn ($113mn) divided into shares of SR100 ($27mn) each. The new company, known as the Saudi Group for Industrial Investment, will seek to develop Saudi Arabia's industrial base, with emphasis on petrochemical industries. The company will...