VOL. XXXIX

No. 33

13-May-1996

SAUDI ARABIA

Saib To Quadruple Capital

The Saudi Investment Bank (Saib) is planning to raise its share capital fourfold from the current SR180mn ($48mn) to SR720mn ($192mn). The capital increase, which has been approved by the Saudi Arabian Monetary Agency (SAMA), will be put to a vote to shareholders at an extraordinary meeting due to be held on 3 June. In a press release issued on 4 May, Saib said that the increase will be effected through the issue of...