VOL. XXXV

NO. 7

18-NOVEMBER-1991

Financial and Banking News

Regional Banking

Bank al-Jazira Seeks Rebirth through Capital Increase and Reorganization

Jiddah-based Bank al-Jazira hopes to have its proposed capital increaseapproved by the Saudi Ministry of Commerce by the end of November, paving theway for an extraordinary shareholders' meeting before the end of the year. Thebank wants to quadruple its capital to SR400mn ($107mn) as part of acomprehensive reorganization plan which also involves...