VOL. XXXI

NO. 4

2-NOVEMBER-1987

Financial and Banking News

REGIONAL BANKING

Saudi International Sacks 10% of Workforce

The London-based consortium bank Saudi International Bank (SIB) has announcedthat 31 of its employees - equivalent to some 10% of its workforce - will bemade redundant as a result of a major strategic restructuring exercise whichwill, however, leave its highly-rated capital market division unscathed. Thebank has faced a bumpy ride in recent years, with two years of declining...