VOL. XXXVI

NO. 24

15-MARCH-1993

Financial and Banking News

REGIONAL BANKING

Salih Kamil Outlines Size of His Business Empire

Saudi businessman Salih Kamil says his Dallah-Albaraka business and bankinggroup consists of 260 companies with a total balance sheet of $6bn. Thecompanies operate in 43 countries, of which 25 are Islamic. He adds that $3bn isinvested in Saudi Arabia through 40 directly-owned projects and 70 companies.Mr. Kamil gave the information at a seminar in Jiddah on 2 March....