VOL. XXXV
NO. 10
9-DECEMBER-1991
Financial and Banking News
Regional Banking
Riyad Bank Postpones Share Flotation
Riyad Bank announced on 30 November that it was postponing indefinitely theshare flotation which was due to start the following day. The initiative for thepostponement was taken by the Saudi authorities and not by the bank. Shareflotations in the Kingdom are overseen by the Ministry of Commerce. Theflotation was to have involved the sale of eight million new shares, priced atSR475 each,...
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