VOL. XXXVIII
NO. 50
11-SEPTEMBER-1995
Financial and Banking News
Regional Banking
Saudi Government Ends Trusteeship Of Riyad Bank
In one of his first moves since assuming office, the new Saudi Minister ofFinance and National Economy, Dr. Sulaiman al-Sulaim, has decided to end the33-year special state trusteeship of Riyad Bank, the Kingdom's second largestbank and one of the main financiers of Saudi Government debt. Under the terms ofthe trusteeship, which was imposed following a crisis in 1962 when...
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