Middle East Economic Survey

VOL. LII

No 24

15-Jun-2009

Bahrain

Awal Issues Unrelated To Bahraini Banking Sector, Says CBB

The issues connected with Awal Bank are a consequence of events in the wider Saad group and are unrelated to the wider Bahraini banking sector which has otherwise continued to function normally, said the Central Bank of Bahrain (CBB). The Saad Group, which is a diversified Saudi Arabian based company with activities that range from civil engineering to healthcare and tourism,...