VOL. XXXV
NO. 43
27-JULY-1992
Financial and Banking News
Regional Banking
Saudi British Bank to Increase Capital to SR1bn from SR400mn
Saudi British Bank announced on 23 July that it is to increase its paid-upcapital to SR1bn ($267mn) from SR400mn through the sale of new shares and theissuing of bonus shares, funded from existing reserves. The bank plans to offerfour million shares, priced at SR50 each, on a one-for-one basis to existingshareholders; transfer SR200mn from reserves to paid-up...
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