VOL. XXXII
NO. 9
5-DECEMBER-1988
Financial and Banking News
REGIONAL BANKING
Saudi British Bank Raises Capital
The Saudi British Bank (SBB) - owned 60% by Saudi citizens and 40% by theBritish Bank of the Middle East (BBME) - has formally raised its capital fromSR300mn ($80mn) to SR400mn ($107mn), following an extraordinary shareholders'meeting on 30 November which approved the increase. SBB has issued one millionshares of SR100 each at a premium of SRl50 per share to raise a total of SR250mnin...
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