NO. 17


Financial and Banking News

Bank Results

Investcorp Raises Profits, Concludes Record Number of Acquisitions

Bahrain-based Investcorp has reported record profits of $67.3mn for 1993, a7% increase on the previous year. The directors are recommending 15% cashdividend, the same as in each of the previous ten years of the bank's existence.The 1993 figures confirm Investcorp's recovery after difficult conditions in1991, when it reported its only reduction in year-on-year...