Financial and Banking News
LOANS AND ISSUES
Saudi Government Borrowing Imminent
Commercial banks in Saudi Arabia were last week informed by the Saudi ArabianMonetary Agency (SAMA) that an offering of public debt instruments of betweenSRlbn and SR3bn ($267mn - $801mn) is imminent. No further details were revealed,other than that the offering telexes are to be sent on a Saturday, on 11 June ora week later on 18 June. Local bankers have reported that in recent weeks SAMA...