VOL. XXXIX
No. 46
12-August-1996
SAUDI ARABIA
SABIC Plans To Set Up Investment Company
The Saudi Basic Industries Corporation (SABIC) plans to set up a SR300mn ($80mn) investment company to facilitate its future participation in industrial projects with the private sector in the Kingdom or other Gulf Arab states, SABIC's Vice Chairman and Managing Director, Mr. Ibrahim ibn Salamah, told a local newspaper. SABIC has recently unveiled preliminary plans for a number of projects outside...
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