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	Monday, March 15, 2010

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Sahara Petchem, SAAB rights issues approved
Riyadh:

The Saudi bourse regulator said on Sunday it approved rights issues for Sahara Petrochemicals Co and insurance firm SABB Takaful worth a total $360 million amid tight credit conditions.

The Capital Market Authority said it has approved a 1.05 billion riyal rights ($280 million) issue for Sahara and a 300 million riyal issue for SABB Takaful, according to statements on the Saudi bourse website. - Reuters