VOL. XXXII

NO. 16

23-JANUARY-1989

Financial and Banking News

REGIONAL BANKING

Buyers of NBP's Al-Jazira Stake Identified

The buyers of National Bank of Pakistan's (NBP) 35% stake in Bank Al-Jaziraof Saudi Arabia have been identified as a group of 15 private Saudi investorsled by Mr. Mahfuz Salim ibn Mahfuz. The latter, although coincidentally a deputygeneral manager at National Commercial Bank (NCB) of Jiddah, is acting in aprivate capacity, and the NBP stake has no connection with either NCB or...