Financial and Banking News
LOANS AND SYNDICATIONS
Saudi Kuwait Cement Loan Goes Ahead
A number of legal complications having been removed, the SR450mn ($129mn) loan for the Saudi Kuwait Cement Company (MEES, 5 November 1984) went into general syndication on 9 February. The three mandated banks, National Commercial Bank (NCB) of Jiddah, al-Bank al-Saudi al Fransi and Gulf International Bank (GIB), have arranged the seven year deal in two tranches: a SR400mn term loan, with heavy...