VOL. XXXIII

NO. 25

26-MARCH-1990

Financial and Banking News

Regional Banking

Foreigners Finance 43% of Saudi Industrial Joint Ventures

According to the inaugural issue of The Economist, a new quarterlypublication prepared by Saudi Cairo Bank, non-Saudi interests provided 42.6% ofthe funding for all industrial joint ventures in Saudi Arabia at the end of1408 AH (1988), representing SR22,830mn ($6.1bn). The chemical industry aloneaccounted for SR19.7bn worth of the foreigners' share of joint-venture...