VOL. XXXIX No. 58 4-November-1996

CAPITAL MARKETS

More Arab Companies To Tap International Market Through GDRs Global Depositary Receipt (GDR) issuance from the Arab Middle East is celebrating its first birthday. The Egyptian Suez Cement Company will become the first non-banking company in the Arab world to issue GDRs in an offering lead-managed by Salomon Brothers worth $116mn which will be brought to market by early December; Nomura has confirmed that it will lead-manage an issue on...