VOL. XL

No. 44

3-November-1997

BAHRAIN

ABC Will Have Majority Stake In New Algerian Bank

Arab Banking Corporation (ABC) will have a majority shareholding in a new bankcapitalized at $20mn that is to be set up in Algeria, according to ABC's Chief Executive,Mr. Ghazi Abd al-Jawad. In an interview with the Saudi daily Asharq al-Awsat of 25October, the ABC chief said that the International Finance Corporation (IFC), theprivate-sector affiliate of the World Bank, and the Arab Petroleum Investment...