VOL. XLII
No 21
24-May-1999
SAUDI ARABIA
Saudi Arabias NCB To Sell Shares To Institutional Investors
National Commercial Bank (NCB) announced in a statement on18 May that its 20 shareholders had agreed to sell an unspecified number ofshares to institutional investors. According to the statement, an agreement hasbeen reached with some public institutions to buy available shares. Theseinstitutions are then expected to sell the shares to the general public"at an appropriate time and in a suitable...
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