VOL. XXXVI

NO. 19

8-FEBRUARY-1993

Financial and Banking News

REGIONAL FINANCING

United Gulf Industries Corporation Extends Deadline on Share Issue

Manama-based United Gulf Industries Corporation (UGIC) has extended its shareoffering until the end of February because only about 25% of shares were takenup by the initial closing date of 25 January. The company is offering 28mnshares priced at BD1.11 each ($2.94) to raise BD31.08mn, of which BD28mn will beadded to the company's capital. The company was...