Middle East Economic Survey

VOL. XLVIII

No 2

10-January-2005

SAUDI ARABIA

Al-Bilad Bank Is New Name On Saudi Finance Scene

A new bank is being set up in Saudi Arabia by a shareholding company whose statutes were published in the Saudi Official Gazette on 10 December 2004, under Royal Decree No 258 of 18/9/1425. Bank al-Bilad, as it will be called, is authorized to engage in banking and investment activities in accordance with Saudi laws and regulations. In particular it will open current and...