VOL. XXXVII
NO. 17
24-JANUARY-1994
Saudi Arabia
SABIC Doubles Stake In New Saudi Development Company
The Saudi Basic Industries Corporation (SABIC) has doubled its stake to 10%in the SR500mn ($133mn) capital of a new company, under formation, known as theSaudi Development Company. Based in Buraydah-Wasat, the new venture will engagein petrochemical, mining and food projects.
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