VOL. XXXIX

No. 44

29-July-1996

Saudi Arabia

Khalid Bin Mahfuz Returns To NCB

Mr. Khalid bin Mahfuz is to return to National Commercial Bank (NCB), the largest bank in Saudi Arabia, as Chairman of the Executive Committee and General Manager, after his departure from the bank in July 1992. Following the recapitalization of the bank in the course of 1992 and the death of his father, Shaikh Salim bin Mahfuz, towards the end of 1994, Mr. Mahfuz became the owner of 98.8% of the bank's stock...