Middle East Economic Survey
VOL. LII
No 32
10-Aug-2009
Bahrain
Central Bank Of Bahrain Places Awal, TIBC Under Administration
Two Bahraini banks, Awal and The International Banking Corporation (TIBC), have been put under administration by the Central Bank of Bahrain (CBB). Both are subsidiaries of troubled Saudi conglomerates. Awal is owned by the Saad Group, whose Chairman Maan al-Sanea, is subject to a lawsuit filed in New York by Ahmad Hamad Algosaibi & Brothers (AHAB), another Saudi...
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!