VOL. XXXVI
NO. 12
21-DECEMBER-1992
Financial and Banking News
REGIONAL BANKING
Saudi French Bank Share Flotation Highly Oversubscribed
Riyadh-based Al-Bank al-Saudi al-Fransi has announced that a public shareflotation which opened on 5 December and closed on 14 December has beenoversubscribed by as much as 10 times. The bank had sought to raise SR1,140mn($304mn) by issuing 2mn new shares each worth SR570. The issue is part of a planthat will enable Al-Fransi to increase paid-in capital to SR900mn...
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!