Middle East Economic Survey

VOL. XLVII

No 43

25-October-2004

REGIONAL BANKING

Al-Salam Bank Of Sudan Launches $18.7Mn IPO

Al-Salam Bank of Sudan announced on 5 October the launch of an $18.7mn IPO (initial public offering) to raise the remaining 25% of its unsubscribed capital of $75mn. The offer is open from 9 October until 8 November to investors from any Arab country and subscriptions can be made through Omdurman National Bank and Byblos Bank of Africa in Sudan; Abu Dhabi Islamic Bank, Dubai...