VOL. XXXV
NO. 49
7-SEPTEMBER-1992
Financial and Banking News
Regional Banking
Bank Al-Jazira Announced Plans to Quadruple Capital
Jeddah-based Bank al-Jazira announced on 1 September that it will quadrupleits capital to SR400mn ($107mn) through an issue of 3mn shares. The shares willbe sold for SR250, of which SR150 will be a premium allocated to provisions.Bank al-Jazira's shares are currently trading around SR600 each. National Bankof Pakistan (NBP) which holds a 35% stake in the bank will not...
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