Financial and Banking News

INVESTMENT ACTIVITIES

SIFCORP Build up Stake in Aitken Hume 

The Saudi Investment and Finance Corporation (SIFCORP), a private-sector group of investors led by Dr. Ziad H. Idilbi which recently bought into the British fund management and banking group Aitken Hume International (MEES 28 October), has increased its stake from 12.45% to 14.5% in the midst of strong takeover speculation. SIFCORP's original purchase of Aitken Hume shares was immediately...