No. 47



Two Bank Mergers In Prospect In Jordan

The dominant bank in Jordan, Arab Bank, is negotiating with the shareholders of Amman Bank for Investments (ABI) with a view to buying out the bank's shareholders and turning ABI into an Islamic bank. ABI, which is part of the ABI Group, a conglomerate of 15 associated companies covering a range of industrial, real estate and trading activities, is described as an investment bank. At the end of 1994, it had...