VOL. XL

No. 11

17-March-1997

ISLAMIC BANKING

Asir Takes Stake In Bankal-Jazira

MEES understands that the joint stock company 'Asir, the chairman of which is Mr. 'Abd Allah Salih Kamil, a relative of Mr. Salih Kamil, the owner of theal-Baraka Group, has bought a stake in the Saudi Bank al-Jazira. Sources at Bank al-Jazira say that 'Asir is presently not the largest shareholder in the bank but is now one of thelargest. The sources would not say exactly what the size of the stake is, but...