VOL. XLV

No 29

22-July-2002

JORDAN

Hariri Rearranges HisHoldings In Jordan痴 Arab Bank

Ina deal worth JD47mn ($67mn), 229,500 Arab Bank shares held by the wife ofLebanese Prime Minister Rafiq al-Haririand bank board member Nazik al-Haririwere transferred on 14 July to the Saudi construction and real estate companySaudi Oger, which is owned by MrHariri. The deal, which involves 2.6% of the bank痴capital, was made at a price of JD205 ($291) per share, and the value of thetransferred shares represent...