Yemen To Privatize State-Owned Bank
The Yemeni Ministry of Finance has invited bids from investment banks and financialmanagement firms to act as advisers to the government for the privatization of theNational Bank of Yemen, the country's largest state-owned commercial bank. Its assets wereestimated at $260mn in July. An official announcement published in the press invited theadvisors to manage the sale of a 51% shareholding in the bank. The deadline for...