VOL. XL
No. 25
23-June-1997
QATAR
New Qatar Industrial Development Bank
The Qatari Crown Prince, Shaikh Jasim bin Hamad bin Khalifa Al Thani, on18 June issued a decree setting up a new Qatar Industrial Development Bank aimed atfinancing medium- and small-scale industries in the country. The bank, whose formation wasannounced in the budget statement (MEES, 7 April), will have an authorized capitalof QR200mn ($54.9mn) which may be increased to QR500mn ($137.3mn) and will be 50% owned bythe state...
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