Financial and Banking News
INVESTMENT ACTIVITIES
Al Mal Team Buys into US Investment Bank
The former chief executive and deputy chief executive of the London-based Arab bond house, A1 Mal Group, have arranged the purchase of $12mn new preferred sharess convertible into the common stock of the troubled US government securities dealers Moseley, Hallgarten, Estabrook & Weeden Holding Corporation. Altogether nine Arab investors, including Mr. Hikmat Nashashibi and Mr. Omar Kassem from Al...
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