VOL. XXXIX
No. 17
22-January-1996
SAUDI ARABIA
Saudi BusinessmenSet Up Private Company For Industrial Investments
A group comprising 66 Saudi businessmen and companies has set up a Saudi closed shareholding company in Riyadh with a capital of SR424.485mn ($113mn) divided into shares of SR100 ($27mn) each. The new company, known as the Saudi Group for Industrial Investment, will seek to develop Saudi Arabia's industrial base, with emphasis on petrochemical industries. The company will...
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