VOL. XXXIX

No. 24

11-March-1996

UAE

Abu Dhabi Shipbuilding Company Launched

The Abu Dhabi Government and Newport News Shipbuilding and Dry Dock Company formally announced the establishment of the Abu Dhabi Shipbuilding Company (ADSC) at the first general assembly of shareholders held on 2 March. The assembly also approved the appointment of a 10-member board headed by Shaikh Hazza' ibn Zayid Al Nuhayyan to run the new public joint stock company. ADSC has an authorized capital of...