VOL. XL

No. 04

27-January-1997

SAUDI ARABIA

USCB Merger With Saudi Cairo Expected In Early 1998

A merger between United Saudi Commercial Bank(USCB) and Saudi Cairo should be expected by the first quarter of 1998, according toUSCB's General Manager, Mr. Karl Swoboda. The exact terms of the merger have not beendecided yet, pending board and the annual general meetings of the two banks which willtake place in the first half of this year, nor has the name of the new bank beendetermined. However...