VOL.XXXVI

NO.15

11-JANUARY-1993

Financial and Banking News

REGIONAL BANKING

Saudi American Bank Agrees Bonus Share Plan

TheshareholdersofRiyadh-basedSaudiAmericanBank

(Samba)haveagreed todouble the bank's share capital by transferingSR600mnfromgeneralreserves,giving

shareholders a one-for-one bonus issue. The decision, which hadbeenexpected,wastakenatanextraordinary

shareholders' meeting on 5 January.Saudi British Bankis expectedto approve plans to increase its share capital to

SR1,200mn from...