NO. 19


Financial and Banking News

Regional Banking

Libya still Finalizing Takeover of Al-UBAF

Arab International Bank Libyan Arab Foreign Bank (LAFB) has still notfinalized its takeover of al-UBAF Arab International Bank, a Bahrain offshorebank, although it is now clear that the eventual Libyan stake will be around85%. An announcement on the bank's changed ownership structure has been expectedsince August 1991, when shareholders agreed to raise $25mn in new capital and to...