Kingdom Holding, an investment company controlled by billionaire Prince Alwaleed bin Talal, received shareholder approval to sell as much as SAR3.75bn (US$1bn) in bonds inside the Saudi Arabia or abroad.
Shareholders met in Riyadh, Kingdom Holding said.
Saudi Arabian corporate bond sales are poised to set a record in 2012 as a surge in state spending in the Arab world’s biggest economy encourages private businesses to invest more in expansion projects………………………………………..Full Article: Source