VOL. XXXII
NO. 11
19-DECEMBER-1988
Financial and Banking News
REGIONAL BANKING
Chase Manhattan to Sell Full SAIB Stake
Chase Manhattan Bank has received approval in principle from the SaudiArabian Monetary Agency (SAMA) to sell the remaining 15% stake it holds in SaudiInvestment Bank (SAIB). The sale is to go ahead in 1989, although pricingdetails and the allocation of Chase's shares between existing and new Saudishareholders have not been decided. Last year Chase sold 5% of its original 20%stake...
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