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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
ARABIAN SHIELD DEVELOPMENT COMPANY
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(Name of Issuer)
COMMON STOCK $ 0.10 PAR VALUE
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(Title of Class of Securities)
038465 10 0
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(CUSIP Number)
FAL HOLDINGS ARABIA CO. LTD., P.O. BOX 4900, RIYADH 11412,
KINGDOM OF SAUDI ARABIA. TEL: (966) 1-4192990
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
DECEMBER 31, 1999
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this Statement. (A fee is
not required only if the Reporting Person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent (5%) of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of less than five percent (5%) of such
class.) (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP NO. 038465 10 0 PAGE 1 OF 3 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
FAHAD MOHAMMED SALEH AL ATHEL
P.O. BOX 4900, RIYADH 11412, KINGDOM OF SAUDI ARABIA.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
NOT APPLICABLE (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
P F
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
NOT APPLICABLE
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
KINGDOM OF SAUDI ARABIA.
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7 SOLE VOTING POWER
NUMBER OF 3,370,000 + OPTION ON 445,000
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
NONE
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 3,370,000 + OPTION ON 445,000
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,370,000 + OPTION ON 445,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
NOT APPLICABLE [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7% + OPTION ON 1.8%
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14 TYPE OF REPORTING PERSON
I N
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDES BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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Page 2 of 3 pages
SCHEDULE 13D
GENERAL INSTRUCTIONS
Item 1 SECURITY AND ISSUER
Common Stock: $0.10 par value
Arabian Shield Development Company
Suite 175, 10830 North Central Expressway
Dallas, Texas 75231
Item 2 IDENTITY AND BACKGROUND
(a) Fahad Mohammed Saleh Al Athel
(b) P.O. Box 4900, Riyadh 11412, Kingdom of Saudi Arabia
(c) Businessman
(d) Not applicable
(e) Not applicable
(f) Kingdom of Saudi Arabia
Item 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Personal Funds
Item 4 PURPOSE OF TRANSACTION
Not Applicable
Item 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Fahad Mohammed Saleh Al Athel 3,370,000 shares of common
stock (15.7%)
Fahad Mohammed Saleh Al Athel 445,000 option on shares
of common stock
at $ 1.00 per share
(1.8%)
(b) Fahad Mohammed Saleh Al Athel - Sole power to vote and
dispose 3,370,000 shares
(c) Not applicable
(d) Not applicable
(e) Not applicable
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Pages 3 of 3 pages
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
Not applicable
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Not applicable
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
March 7, 2000 /s/ FAHAD MOHAMMED SALEH AL ATHEL
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Dated Signature
Fahad Mohammed Saleh Al Athel
