VOL. XLV

No 30

29-July-2002

JORDAN

Iraqi-Born Investor Raises Stake In Bank Of Jordan To 10%

Iraqi-born British investor Nadhmi Ouchi has increased hisstake in Bank of Jordan to 10% following the acquisition on 21 July of 3.456mnshares of the bank at a price of JD2.55 ($3.59) on the 'Amman Stock Exchange,in a dealworth JD8.83mn ($12.44mn). Theshares were bought through Parcip, a subsidiary ofGeneral Mediterranean Holding Company, which Mr Ouchi owns. He has other investments worldwide including...