VOL. XXXV
NO. 19
10-FEBRUARY-1992
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...
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