Financial and Banking News
ALUBAF Shareholders Underwrite Capital Increase and Subordinated Loan
Shareholders of Bahrain-based ALUBAF Arab International Bank haveunderwritten a $25mn capital increase which will restore the bank's capital baseafter it declared a $64.5mn loss for 1990. Details of which shareholders willprovide the money should be available in September. If the pattern establishedby UBAF banks in London, New York and Paris is followed, it...