Middle East Economic Survey

VOL. LIII

No 23

7-Jun-2010

SAUDI ARABIA

SCCC Takes Measures To Merge Its Member Companies

Saudi Consolidated Contracting Company (SCCC), which was formed in March by 11 contracting companies and four investment firms (but is still not formally established), has signed agreements with al-Ahli Capital and another financial consultants company, to evaluate the financial position of these constituent companies and proceed with merger procedures. SCCC board Chairman 'Abd...