VOL. XLI
No. 25
22-June-1998
BAHRAIN
New Offshore Bank In Bahrain
A group of private Gulf investors have established an offshore bank with authorizedshare capital of $100mn in Bahrain. The founding shareholders are predominantly Kuwaitisand the bank, to be known as the Investors Bank (al-Mustathmirun), will be runalong Islamic principles. 72% of the bank's share capital has been called up and the bankhas become the first Kuwaiti company to list on the Bahraini stock market.
Sami al-Badr...
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