VOL. XXXVIII
NO. 40
3-JULY-1995
Financial andBanking News
Capital Markets
Saudi Investors Join Forces To Restructure Ailing Enterprises
Prince al-Walid ibn Talal is to take a 15% stake in a new Saudi company to becalled al-'Aziziya Investments which will aim to buy controlling interests inpoorly performing companies and to restructure them. According to the Arabicdaily Al-Hayat, the company will have an initial share capital of SR1bn ($266mn)of which the prince is putting up SR150mn ($40mn). Nine...
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