VOL. XXXVI
NO. 1
5-OCTOBER-1992
Financial and Banking News
REGIONAL BANKING
Saudi Cairo to Double Capital
Saudi Cairo Bank will double its capital to SR1,200mn ($320mn) from SR600mn($160mn) through an issue of shares scheduled to start on 17 October. The shareswill be sold at SR350, of which SR250 will be a premium allocated to provisions.Bank du Caire, which has a 20% stake in Saudi Cairo, has decided to participatein the new issue so as to maintain its stake at 20% (otherwise it would forfeitits...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!