Financial and Banking News


Algosaibis Issue Euronotes 

For the first time a private Saudi borrower is to make a public issue of notes in the euro-market. The holding company of the second-largest moneychangers in the Kingdom, Ahmad Hamad Algosaibi and Brothers, has appointed Banque Indosuez and Lloyds Bank International to issue $75mn of notes for three years with a borrower's option to extend the facility into a fourth year. The short-term notes have three and...