Government holding company for agricultural investment abroad to

Riyadh, November 23, SPA -- The Minister of Agriculture Dr. Fahd bin
Abdulrahman Balghnaim announced today that a government holding
company for agricultural investment abroad will be established in
partnership with Saudi investors.

In a statement to the Saudi Press Agency (SPA) following the opening
ceremony of Saudi Agricultural Exposition 2008, the Minister said
that the contract of founding the company is in its final stages and
we are waiting for the Cabinet's decision for approving the company.

"The proposed capital of the company is SR 3 billion", the Minister
said.

--SPA