Establishing a Saudi - Egyptian insurance company

Yousef Butros Ghali, the Egyptian minister of economy, held yesterday a party to celebrate the signing of an agreement establishing the Saudi - Egyptian insurance company, whose capital is about 10 million Saudi riyals.

Mohammed El-Shatheli, the manager of the board directors of the domestic insurance company, signed representing the Egyptian side, while Prince Mohammed Ben Bander Ben Abdul Aziz signed for Saudi arabia.