VOL. XXXVI

NO. 52

27-SEPTEMBER-1993

Financial and Banking News

REGIONAL BANKING

Bahrain's ALUBAF Doubles Capital To $50mn

Bahrain-based ALUBAF Arab International Bank has doubled its paid in capitalto $50mn. The Yemen Bank for Reconstruction and Development and the NationalBank of Yemen declined to subscribe to the new issue and their rights werebought by the main shareholder, Libyan Arab Foreign Bank. The shareholdingstructure of the bank is now as follows (previous structure in brackets):

Libyan...