VOL. XL

No. 43

27-October-1997

GENERAL

Arig IPO Imminent

The lead-advisors to the initial public offering (IPO) on behalf of Arab InsuranceGroup (Arig) have said that they expect the launch of the $300mn offering "verysoon" and deny that there has been a delay in a launch which had been expected insome quarters last week. Sources at the global coordinator banks, National Bank of Kuwaitand National Commercial Bank, say that 22 October was, at best, only a tentative launchdate and that, now the...