8 FEBRUARY 1993
Financial and Banking News
Saudi British Bank Share Flotation Will Start on 13 February
Saudi British Bank will launch its share flotation on 13 February and hopesto close it on 17 February. The bank will issue 1.2mn new shares priced at SR570($152) riyals each, of which SR470 will be a premium. A further 800,000 shareswill also be sold to the bank's foreign shareholder, Hong Kong and ShanghaiBanking Corporation. In addition, the bank will issue...