NO. 16

17 JANUARY 1994

Financial and Banking News

Regional Banking

Arbift Plans To Agree Capital Increase In Early February

Abu Dhabi-based Arab Bank for Investment and Foreign Trade (Arbift) hopes tocall a meeting of its general assembly in early February in order to agree itsproposed capital increase. The bank is expected to raise its paid-in capital toDh760mn ($207mn) from Dh450mn ($123mn), with new shares being offered to thepublic.

The bank's two main shareholders are currently...