VOL. XXXIV
NO. 34
27-MAY-1991
Financial and Banking News
Regional Banking
Saudi Arabia Seeks Loan from Its own Commercial Banks
The Saudi Government is seeking a $2.5bn loan from commercial banks in theKingdom, banking sources say, and terms are being discussed between the SaudiArabian Monetary Agency (SAMA) and representatives of the Kingdom's biggestbanks. MEES understands that the commercial banks are looking for interest of3/8 per cent over Libor excluding fees - equivalent to that payable on...
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