VOL. XXXII
NO. 12/13
26-DEC-1988/2 JAN1989
Financial and Banking News
REGIONAL BANKING
NCB Denies Buying Stake In Bank Al-Jazira
A spokesman for National Commercial Bank (NCB) of Jiddah has denied reportsthat its principal shareholder, Mr. Salim ibn Mahfuz, has purchased the 35%stake in Bank Al Jazira, which is owned by the National Bank of Pakistan. TheNCB spokesman also denied that any of Mr. ibn Mahfuz' sons had purchased thestake. Unconfirmed reports of the sale of the National Bank of...
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