VOL. XLII
No. 12
22-March-1999
SAUDI ARABIA
GIB Approves Acquisition Of SIB; Completion Awaits AmiriDecree
Gulf International Bank (GIB) has approved the finalizedterms and conditions for the acquisition of Saudi International Bank (SIB) at ameeting of GIBs Extraordinary General Assembly attended by the Ministers ofFinance of the GCC countries on 12 March. Agreements were signed between thetwo parties on 5 March in London following the satisfactory results of thedue-diligence exercise. A statement...
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