Real Estate Firm Seeks Capital Infusion

RIYADH, 19 March 2004 — Abdul Rahman Al-Jeraisy, president of the Riyadh Chamber of Commerce & Industry, announced that the Real Estate Financing Company is seeking a 50 percent infusion of capital this year by seeking to attract investments from large establishments and companies. In a press conference after signing a contract with Micheal Parkhouse of the Gulf Bank which will handle the process, Al-Jeraisy stated that a quality and benefits study would be conducted over a 6-month period.