VOL. XXXIX

No. 26

25-March-1996

LEBANON

Middle East Capital Group Capitalized At $30Mn

A new Beirut-based investment institution has closed its initial offer period and been capitalized at $30mn. Middle East Capital Group (MECG) is to be registered in Guernsey and will seek to develop capital markets, privatization, and corporate finance business and to channel funds into the region.

Shareholders include the bin Mahfuz family of Saudi Arabia, BZW Investment Management and the...