VOL. XXXVIII
NO. 31
1-MAY-1995
Financial and Banking News
Public Finance
Saudi Government Bonds For Overdue Payments Initiate Market Improvements
Mr. Salih al-'Umar, Undersecretary of the Saudi Ministry of Finance andNational Economy, said on 25 April that government bonds worth some SR5bn($1.3bn) had been distributed through local banks to about 120 companies tocover overdue payments. His statement follows a report in MEES of a SaudiGovernment decision to cover about one-fifth of its overdue...
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