Financial and Banking News
Al-Hamrani Looks to the Future with New SR200mn Facility
Three banks have signed a five-year SR200mn revolving credit facility forSaudi Arabia's al-Hamrani and al-Suleiman United Company (AAU), which was thesubject of one of the Kingdom's biggest corporate reschedulings in themid-1980s. The new facility will be used to open letters of credit and toprovide working capital loans. It was arranged by Gulf International Bank...