Financial and Banking News


Regional Loans Completed 

Arab institutions have been active in the syndicated loan market recently with four credits for regional borrowers completed. The largest is a $118.4mn loan for Al-Jubail Petrochemical Company (Kemya), which has been on the market for a long time even by the standards of such Saudi deals but which is now complete and ready for signing in the near future. Mandated last year (MEES 19 November 1984), the Kenya loan...