Financial and Banking News
Investcorp Offer Oversubscribed
The Arabian Investment Banking Corporation (Investcorp) in Bahrain last weekannounced that its share offering had been oversubscribed by 83%. The issue wasfor 200mn common shares with a $0.25 par value to raise $50mn in fresh equityfor the Bahrain-based investment bank. A total of $91mn has been raised duringthe three week subscription period, and the excess money will be used to...