The Head of the Technical Privatizing Office at the Yemeni Cabinet, Abdul-Kareem Al-Saeedy, said that the privatizing scheme of the National Bank of Yemen is about to reach its final stage, reported Al-Hayat . The Bank will be offered to strategic investors after re-structuring its capital. By the end of this privatization plan, the government will control 40 percent of the Bank’s stakes and the strategic investor will control the remaining 60 percent of the stakes. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
