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...