VOL. XXXI

NO. 42

25-JULY-1988

Financial and Banking News

REGIONAL BANKING

New Blood for Saudi Cairo Rank

Following the recent annual meeting in Jiddah of the Saudi Cairo Bank, a newchairman and several new board members have been appointed to manage the ailingbank. The new chairman is Mr. Wahib Binzagr, chief executive of Beit Binzagrand a well-known businessman. Mr. Binzagr said that his first priority is toacquire the services of seasoned hankers with international as well as localexperience. The...