Financial And Banking News


Samba Signs SR150mn 

Saudi Medical Loan On 26 October Saudi Medical Services, together with its subsidiary Saudi Medical Charter, signed a SR150mn loan agreement with a group of banks led by Saudi American Bank (Samba). The four-year loan has a US$ tranche in which National Westminster Bank and Societe Generale participated. The only other Saudi bank in the deal was National Commercial Bank. The equivalent of SR108mn comprised a guarantee...