NO. 25


Financial and Banking News

Regional Banking

Prince Walid Raises Holding in United Saudi Commercial Bank

Prince Walid ibn Talal, the Chairman of United Saudi Commercial Bank(United), has raised his shareholding in the bank by 5% to 35.1%. He now has50.1% of the Saudi-owned shares. The prince is not expected to make furthershare purchases in the near future. Prince Walid became chairman of the bank on1 May 1988 and implemented a far-reaching recovery program which has...