VOL. XLII
No 48
29-November-1999
KUWAIT
GIC Acquires $161Mn Facility
The Kuwait-based Gulf Investment Corporation (GIC) announcedon 16 November that it had signed a SR600mn ($161mn) loan agreement with aconsortium of Saudi Arabian banks representing the first cross-border Saudiriyal syndicated loan to any financial institution. The loan was arranged byArab National Bank, Riyad Bank, al-Bank al-Saudi al-Fransi, and the SaudiBritish Bank.
According to Dr. Khalid al-Fayiz, CEO of GIC, the facility...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!