VOL. XXXII

NO. 40

10-JULY-1989

Financial and Banking News

REGIONAL BANKING

New Bahrain Company to Focus on European Investments

Arab Saudi Bank, an offshore bank in Bahrain registered in the CaymanIslands, and a group of private Arab and UK interests have set up a newinvestment company to channel business to various investments in the Europeanmarket. The International Investment Company (ICC), registered in Bahrain,will have a paid-up capital of $7.5mn and an authorized capital of $15mn, withArab...