VOL. XXXVI
NO. 31
3-MAY-1993
SAUDI ARABIA
SAFCO's Capital Raised To $133mn
The general assembly of the Saudi Arabian Fertilizer Company (SAFCO) hasapproved a recommendation by the company's board to raise SAFCO's capital fromSR200mn ($53mn) to $500mn ($133mn). Only current shareholders will be invited tosubscribe to the capital increase, which has become necessary to finance thecompany's expansion plans. SAFCO has just completed the construction of aSR1.6bn ($427mn) fertilizer plant at Jubail with...
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