VOL. XL No. 13 31-March-1997


Samba Establishes First Vehicle For Foreign Investment In Saudi ArabianShares

On 23 March, it was announced that the Saudi Arabian Monetary Agency(SAMA) had given permission to Saudi American Bank (Samba) to establishthe first vehicle allowing foreign investment in the shares of Saudi Arabiancompanies. The closed-end Saudi Arabian Investment Fund Ltd. (SAIF), anoffshore company to be registered in the Channel Islands, will be listedon the London Stock...