VOL. XLV

No 22

3-June-2002

SAUDI ARABIA

BarclaysReceives Half Of Outstanding Saudi Loan Payment

BarclaysCapital has received from Saudi Arabia half of the outstanding $100mninstalment on the $900mn loan which is being used to finance the operation ofmilitary bases, MEES understands.While Barclays Capital refused to comment due to client confidentiality, thesource said that the bank is not concerned, believes the delay in payment wasdue to an administrative error and expects to receive the...