VOL.XXXVI
NO.48
30-AUGUST-1993
Financial and Banking News
CAPITAL MARKETS
NewSaudiConstructionCompanyTo Raise $125mn In Share
Flotation
A new Saudi construction company istooffernewshares
worth SR470mn ($125mn) through apublic subscription in October.ShareswillbepricedatSR100 each.Founding
shareholders in Arriyadh DevelopmentCompanyhavealready subscribed SR530mn ($141mn).The company's main activities
will include building houses andcommercialpropertiesin the center of Riyadh.
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