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...