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...
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