Middle East Economic Survey
VOL. XLVII
No 30
26-July-2004
REGIONAL BANKING
Arab investors To Set Up $75mn Al-Salam Bank in Sudan
A group of Arab investors announced on 18 July that they had formed a joint venture with government organizations in Sudan to set up Al-Salam Bank in Khartoum with an estimated capital of $75mn. Initial contributions from the investors are expected to cover 75% ($57mn) of the targeted capital, with the remaining 25%, approximately $18mn, to be raised by an initial public...
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