Saudi bourse consents to rights issue for Sahara Petchem, SAAB

29-Jun-09
The Saudi bourse regulator has approved rights issues for Sahara Petrochemicals Co and insurance firm SABB Takaful worth a total US$360 mln amid tight credit conditions. The Capital Market Authority has approved a 1.05 billion riyal rights issue for Sahara and a 300 million riyal issue for SAAB Takaful.
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Large capacity chemical storage tanks

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