VOL. XLII

No. 19

10-May-1999

SAUDI ARABIA

ANB To Finance $72.8Mn Of $135Mn CCC Contract For Hawiyah

Saudi-based Arab National Bank (ANB) is to finance $72.8mnof a contract awarded to Consolidated Contractors Company痴 (CCC) affiliate inSaudi Arabia, which forms part of the planned expansion of the Hawiyah gasdevelopment project in the Eastern Province. Of the total amount, $25mn will bein the form of a revolving loan, $10mn as a line credit facility, and theremainder in the form of guarantees. An...