VOL. XXXII

NO. 3

24 OCTOBER 1988

Financial and Banking News

INVESTMENT ACTIVITIES

Olayan May Retain Stake in CS First Boston

Mr. Sulaiman Olayan last week announced that not all of the 30.5% stake inthe newly-formed CS First Boston Inc. which his Olayan Finance Company isholding in trust as an interim investor will be placed with other investors."After the desired investors are located to take the biggest portion of the30% (sic), we are expected to keep some of the equity as a permanentinvestor,"...