Middle East Economic Survey

VOL. XLVIII

No 10

7-March-2005

SAUDI ARABIA

SBB Eurobond, The Kingdoms First, Snapped Up By UK Investors

The Saudi British Banks (SBB) Eurobond, which is the kingdoms first, was snapped up by UK investors who took 40%, with other Europeans taking 14%, Middle Eastern investors 24% and Asian investors 22%, MEES learns. Two-thirds of the investors are banks and other financial institutions, while the remainder consists of funds, pension funds, corporate investors and...