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Adnan Khashoggi — Part 1

105 pages · May 12, 2026 · Document date: Aug 11, 1973 · Broad topic: Politics & Activism · Topic: Adnan Khashoggi · 105 pages OCR'd
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that Khashoggi could "easily" acquire a similar amount of AZL stock at any time, which would put him in a position to place several members on the company's Board of Directors, Adnan M. Khashoggi and/or the Triad companies are majority stockholders in the Security National Bank, Bank of Contra Costa, and substantial shareholders andjoint venturers in insurance, shipping, and numerous other international ventures. Khashoggi owns 98% of the Security National Bank was founded by Pete Stark, presently a Congressman for the State of . California. Stark on h gedly sold his-interest > to Adnan M. Khas tely July, 1974 resigned as due to business commitments. In November, 1974 the First National Bank of San Jose agreed to the sale of a new issue of 650,000 common shares of stock which, if approved, would give Adnan M, Khashoggi’ one-third interest in the institution. The bank's assets were said to be $300,000, 000. Shares were to be sold in a private lacement at a negotiated price of $21.83 a share, or about 14,000, 000. b6 b7C
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