VOL. XXXII

NO. 8

28-NOVEMBER-1988

Financial and Banking News

LOANS AND ISSUES

Saudi Share Offer Oversubscribed

Reflecting the current buoyant state of share prices in Saudi Arabia, theshare flotation for Makkah Construction and Building Company (MEES, 12September) was closed last week with SR439mn offered for the 3.36mn sharesnominally valued at SR84.5mn which were on offer. The Riyadh-based ConsultingCentre for Finance and Development, which handled the Makkah issue, announcedlast week that 65,000...