VOL. XXXII
NO. 12/13
26-DEC-1988/2 JAN1989
Financial and Banking News
LOANS AND ISSUES
Saudi Bond Issues Exceed Target
The Governor of the Saudi Arabian Monetary Agency (SAIIA), Mr. Hamad al-Sayari,has said that the volume of SAMA's "development bonds" placed during1988 would exceed the SR30bn target by the end of the year. Mr. Sayari toldReuters news agency that "the response from banks has been satisfactory andwhat we wanted. All that seems to be lacking now is the secondarymarket."
Local bankers...
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