Big Demand for Albilad Shares

JEDDAH, 21 March 2005 — Share prices of Bank Albilad have jumped from SR50 to SR500 as some shareholders sold their shares before market debut to make big gains, Okaz reported yesterday. Market analysts believe that the bank’s share price would be fixed at SR600 at the start of exchange on the Saudi bourse. One subscriber in Hail, who bought the share at SR50, said he sold four shares for SR500 each.