VOL. XXXI

NO. 46

22-AUGUST-1988

Financial and Banking News

REGIONAL BANKING

Big Four Egyptian Investment Companies Indicate Compliance with NewLaw

The four big Egyptian investment companies affected by recent legislativechanges in the country have all indicated their intention to comply with the newlaw and to continue in operation. Under the terms of the Deposit TakingCompanies Law passed on 10 June (MEES, 13 June), existing investment companieshad the option, exercisable within 90 days, of winding...