VOL. XLVI

No 41

13-October-2003

SAUDI ARABIA

REGIONAL BANKING

Public Offering Of Government NCB Shares Expected in 2004-05, Says Bahamdan

The ultimate aim of the Saudi Government is to offload its 80% stake in the National Commercial Bank (NCB) in a public share offering, the banks chairman 'Abd Allah Bahamdan has told al-Hayat newspaper in an interview on 5 October. According to Mr Bahamdan, the move could take place in 2004, or in the first half of 2005, but this is a decision which will be taken...