VOL. XXXIX
No. 12
18-December-1995
SAUDI ARABIA
Al-Rajhi Has No Plans To Increase Capital
Al-Rajhi Banking and Investment Corporation, the only Islamic bank in Saudi Arabia and one of the largest financial institutions in the Kingdom, has denied that it is planning to double its capital. Mr. 'Abd Allah Sulaiman al-Rajhi, first Deputy General Manager at al-Rajhi, told the Arabic daily Asharq al-Awsat on December 12 that the bank has no plans to capitalize its reserves and to increase into...
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