Crown Prince Abdullah bin Abdul Aziz, the Deputy Premier and Commander of the National Guard and Chairman of the Higher Economic Council today chaired a Council meeting at Al-Salam Palace. The meeting was attended by member Ministers of the Council and members of the Consultative Commission for Economic Affairs.
Following the meeting, the Council’s Secretary General, Dr Abdulrahman bin Abdul Aziz Al-Tuwaijeri, said that the Council discussed items on its agenda and decided to approve the following: Significant steps towards privatisation of the Saudi Arabian Mining Company, Maaden; rules organizing private sector participation in government electronic works; provision for the needs of governmental bodies for lubricant oils by enabling competition among producing companies; the selling of all state-owned shares in the General Investment Fund of the National Cooperative Insurance Company for citizens.
Source: SPA
