VOL. XXXI
NO. 37
20-JUNE-1988
Financial and Banking News
REGIONAL BANKING
New Al-Rajbi Bank Seen as Major Challenge to Saudi Banks
As the public share offer for the new Al-Rajhi Banking and InvestmentCorporation (ARBIC) is enthusiastically taken up by the investing public in theKingdom - an ARBIC spokesman last week predicted a six to seven foldoversubscription for the SR122.5mn offer, which ends this week - a recentlycompleted study has called the new bank "the greatest challenge to befaced by the...
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