VOL. XXXVIII

NO. 44

31-JULY-1995

Financial and Banking News

Personnel Changes

Management Changes At NIC

The first fall out from last month's 50% acquisition of the NationalIndustrialization Company (NIC) by a consortium led by the Saudi financierPrince al-Walid ibn Talal (MEES, 26 June) has come with the announcement on 24July of the resignation of NIC's Chairman of the Board, Dr. 'Abd al- 'Aziz al-'Awhali.When he was elected to his post in April 1994, Dr. 'Awhali sought to restructurethe company...