The Al-Zamil Industrial Investment Company will be listed on the Saudi Stock Exchange in the beginning of next week following an approval by the Saudi Arabian Monetary Authority (SAMA), reported Al-Watan . The capital of the company is estimated at 300 million Saudi Riyals ($80 million). In 1998, the Al-Zamil Company was converted into a closed end joint stock company, whereby 40 percent of the capital was subscribed by Saudi and Gulf investors and the other 60 percent of the capital remained in the hands of Al-Zamil family. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
