VOL. XXX
NO. 14
12-JANUARY-1987
Financial and Banking News
LOANS AND ISSUES
Creditors Meet in Babrain to discuss REDEC Rescheduling
Representatives of more than 40 international banks are scheduled to meet inBahrain on 10 and 11 January to discuss a proposed plan for the rescheduling ofthe $344mn debt owed by the Saudi Research and Development Corporation (REDEC).REDEC, whose majority shareholder is Saudi businessman Ghaith Pharaon, isreputedly one of the largest companies in Saudi Arabia, with...
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