Financial and Banking News
LOANS AND ISSUES
Saudia Loans Deferred
Two major loans for the Saudi Arabian national carrier, Saudia, have beendeferred following liquidity problems at the airline. A SR626mn ($167mn) loanarranged by Riyad Bank in February 1982 and a SR973mn ($260mn) loan arranged byNational Commercial Bank (NCB) and signed in March 1984 have already hadpayments falling due in February and March this year deferred for a year, andaccording to press reports,...
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