VOL. XXXVI

NO. 32

10-MAY-1993

Financial and Banking News

INVESTMENT ACTIVITIES

ABC Launches Global Recovery Fund

ABC Investment and Services Company, the investment banking subsidiary ofArab Banking Corporation, announced on 2 May the launch of a new fund, the ABCGlobal Recovery Fund, which is incorporated in the Cayman Islands. The fund isdesigned to select on an on-going basis equities that are quoted oninternational exchanges and which are believed to be significantly undervaluedbecause of the...