NO. 36


Saudi Arabia

SABIC Unveils Plan To Privatize Ibn Rushd

The Vice Chairman and Managing Director of the Saudi Basic IndustriesCorporation (SABIC), Mr. Ibrahim ibn Salamah, said last week that SABIC hasdecided to turn one of its affiliates, the Arabian Industrial Fiber Company (IbnRushd), into a Saudi joint-stock company and at a later stage into a generaljoint-stock company. He went on to explain that the decision to privatize IbnRushd is intended to involve local...