VOL. XXXVII
NO. 33
16-MAY-1994
Financial and Banking News
Economic Policy
King Fahd Expresses Support For Privatizing State-Owned Companies
King Fahd ibn 'Abd al-'Aziz of Saudi Arabia expressed his strong support forprivatization during a speech to students graduating from the King SaudUniversity on 9 May. He said that the cabinet had approved the sale to privatesector interests of the government's share in many state-owned companies. Heindicated, however, that the state would retain an interest...
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