Middle East Economic Survey
VOL. XLVIII
No 24
13-June-2005
syria
Bank Audi Licensed To Operate Private Bank In Syria
The Syrian cabinet last week issued a license to Bank Audi to open a private bank in Syria with a capital of $50mn. The new bank will be 51% owned by Syrian interests in line with the 2001 banking law. On the Syrian side, 26% of the shares of Bank Audi Syrie will be owned by Syrian resident and non-resident businessmen and 25% will offered in an IPO to Syrian citizens. The remaining...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!