VOL. XXXVI
NO. 3
19-OCTOBER-1992
Financial and Banking News
REGIONAL BANKING
Arab Financial Services Finalizes Capital Increase
Bahrain-based Arab Financial Services (AFS), the Middle East's leading issuerof travelers' checks, has finalized the doubling of its capital to $60mn.Existing shareholders will also take up the majority of the new shares, butthree new institutions will also take a stake. They are National Bank of Egypt,National Bank of Sharjah, and National Bank of Ras al-Khaimah. Some of...
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