VOL. XXXI
NO. 1
12-OCTOBER-1987
Financial and Banking News
REGIONAL BANKING
London & Arab Investments Cuts Losses
London and Arab Investments Ltd. (LAIL), a London-based licensed deposittaker has announced a reduction in its losses from 1.5mn in 1985 to 0.46mnin 1986. m is follows the appointment of an experienced senior Arab banker,Mr. Bachir Zouheiri, as Chairman and Managing Director and his extensivereorganization and restructuring of the company. During 1986, LAIL increasedits paid-in...
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