VOL. XXXIX
No. 37
10-June-1996
SAUDI ARABIA
Al-Bank Al-Saudi Al-Fransi To Double Share Capital
The executive committee of al-Bank al-Saudi al-Fransi (BSF) has announced that it will seek to double the bank's share capital from SR900mn to SR1,800mn ($480mn) at an extraordinary general meeting of shareholders to be held on 30 June. The subscription will be carried out by capitalizing existing reserves, so Banque Indosuez, which has a 31.1% share in BSF, will retain its shareholding in...
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