VOL. XXXI
NO. 13
4-JANUARY-1988
Financial and Banking News
REGIONAL BANKING
Riyad Bank Acquires 29% of Saudi Swiss Bank
Riyad Bank has acquired a 29% stake in the Geneva-based Bank for Saudi-SwissTrade and Investment Ltd., which is to be renamed Saudi-Swiss Bank by the end ofJanuary 1988. Other shareholders in the bank are Union Bank of Switzerland,with a 51% stake, and Saudi individuals, with 20%. The Geneva bank will placespecial emphasis on developing business with Saudi Arabia and assisting in...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!