VOL. XXXVI

NO. 28

12-APRIL-1993

Financial and Banking News

BANK RESULTS

ABC Plans Capital Increase, Announces Audited Figures For 1992

Arab Banking Corporation (ABC), the Middle East's leading international bank,is to seek around $250mn in fresh capital, according to its Chairman, Mr.Abdulla Saudi. Speaking on the publication of the bank's audited accounts for1992, Mr. Saudi said the new money would finance expansion in the Far East andin the Arab World. It would also expand the bank's shareholder...