VOL. XXXVII
NO. 48
29-AUGUST-1994
Financial and Banking News
Capital Markets
Saudi Official Announces Plans To Sell SABIC Shares
The Saudi Government plans to sell most of its 70% stake in the Saudi BasicIndustries Corporation (SABIC) to the public, Industry and Electricity Minister'Abd al-'Aziz 'Abd Allah al-Zamil said on 17 August. Mr. Zamil said the thegovernment would keep a 25% stake and would sell its shares in stages, 10% at atime. The offer would be open to private sector buyers in Saudi...
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