NO. 15

13 JANUARY 1992

Financial and Banking News

Regional Banking

Riyad Bank Flotation to Go Ahead on 15 January, with ProceduralChanges

Riyad Bank's SR3.8bn ($1bn) share offering, which was postponed at shortnotice on 30 November 1991, is to go ahead on 15 January, bank officials say(MEES, 9 December 1991). The terms of the flotation have not been changed. Thebank will issue 8mn new shares at SR472 ($126) each, but with a nominal value ofSR100mn. In addition, the bank will issue 1bn...