Middle East Economic Survey
VOL. XLVII
No 50
13-December-2004
REGIONAL BANKING
Al-Salam Bank Increases Capital To $100Mn
Sudans Al-Salam Bank has received approval from the Central Bank of Sudan and the Khartoum financial market to increase its capital from $75mn to $100mn. The bank launched an initial public offering (IPO) earlier in October in order to raise the remaining 25% of its unsubscribed capital of $75mn (MEES, 25 October), but the oversubscribed IPO yielded $31mn instead of the initial...
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