Financial and Banking News
ABC Fixes Price and Appoints Management Syndicate for Share Issue
The new shares in Arab Banking Corporation (ABC), which are being issued inthe bank's first public stock issue, have been priced at $14 per share, slightlybelow the $15.33 book value of ABC shares and at a premium to the nominal valueof $10. The bank is issuing 25mn shares. Allocations will be determined shortlyafter the offer closes on 14 June and money must...