VOL. XXXVI
NO. 39
28-JUNE-1993
Financial and Banking News
REGIONAL BANKING
Losses Wipe Out Equity At National Bank Of Sharjah
National Bank of Sharjah did not issue its 1992 figures at the shareholders'meeting held on 22 June. Shareholders were told that the bank's equity ofDh415mn ($113mn) has been wiped out as a result of previous years' losses, butthat the government will inject Dh80mn ($22mn) to get the bank moving again.This money will in part be used to pay shareholders Dh2.5 for each share...
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