Financial and Banking News

LOANS AND SYNDICATIONS

Riyad Bank Handling Two Local Mandates 

Apart from the major solo mandate awarded to it by PSRC (see article above), Riyad Bank is handling two solo deals for local entities. It is arranging a SR455mn seven-year loan for Saudi Arabian Airlines (Saudia), which despite the absence of a SAMA guarantee, is priced at an extremely fine 0.25% over Jibor. The absence of the guarantee may constitute a major stumbling block to this deal in its...