Financial and Banking News
ALUBAF-Bahrain to Raise $40mn in Fresh Capital to Offset 1990 Losses
Manama-based ALUBAF Arab International Bank is to receive a capital injectionof $40mn as part of a capital restructuring exercise which will offset theeffects of an expected $64mn loss for 1990. In November 1990 the bank converted$25mn from a maturing $50mn shareholders' subordinated loan into equity. Withoutthese measures nearly all the bank's...