VOL. XXXVI
NO. 22
1-MARCH-1993
SAUDI ARABIA
SABIC Sets Up Polyster Joint Venture
The Saudi Basic Industries Corporation (SABIC) together with seven localcompanies and one Bahraini company on 20 February signed a joint ventureagreement to set up at Yanbu' a new polyester affiliate, Arabian IndustrialFiber Company. The joint venture, which will have an initial capital ofSR738.1mn ($196.83mn), is owned 51.7% by SABIC and 48.3% by the eight companies.These are the Saudi Arabian Fertilizer Company 10%,...
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