Financial And Banking News


Arab Investors Buy into Transamerica, Sheaffer-Eaton and Chaumet

Private-sector Arab investors have made significant investments in recent weeks in three top tier names in the US and France. Mr. Sulaiman Olayan, the prominent Saudi entrepreneur, has acquired a 5.29% stake in the San Francisco-based insurance and financial services group, Transamerica Corporation. According to a filing made with the Securities and Exchange Commission (SEC),...