VOL. XLV
No 36
9-September-2002
SAUDI ARABIA
National Shipping Company Signs$264Mn Loans For VLCCs
The National Shipping Company of Saudi Arabia (NSCSA) signed anagreement on 3 September to receive $264mn in loans, comprising a $164mnsyndicated loan lead arranged by Bahrainç—´ Gulf Investment Bank (GIB) and Saudi American Bank(SAMBA) and $100mn from Saudi Arabiaç—´ Public Investment Fund, banking sources told MEES. The loans will be used to financethe purchase of four VLCCs, the total cost of whichis...
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