NO. 52


Financial and Banking News

Regional Banking

Arab Banking Corporation Declares Interim Dividend

Bahrain-based Arab Banking Corporation (ABC) has declared an interim dividendto shareholders of 25 US cents per share held on 23 September. The dividend isto be distributed on 15 October. The bank posted pre-tax profits of $57mn forthe first half of 1991, following a loss of $91mn for the whole of 1990.

ABC acquired 3,200 new shareholders in May 1990 as a result of a...