NO. 20


Financial and Banking News

Regional Financing

GIB, ABC and Saudi International Participate in Ibn Zahr Financing

The three non-Saudi banks invited to participate in the $500mn commercialloan for Ibn Zahr are Arab Banking Corporation (ABC), Gulf International Bank(GIB), both based in Bahrain, and Saudi International Bank, which is London-based and owned 50% by SAMA. All three have strong links with the Kingdom, andtheir participation marks the first occasion on...