VOL. XL
No. 9
3-March-1997
BAHRAIN
NBB And Citibank Arrange $520Mn For Bahrain
National Bank of Bahrain (NBB) said on 26 February that, in partnership with Citibank, it had successfully concluded a $520mn loan agreement with the government of Bahrain. The funds will be used to build the 260MW and 30mn gallon/day al-Hidd power and desalination scheme (MEES, 3 February ). The inclusion of Citibank as a partner in the deal marks a change from the earlier announcement that NBB alone had been given...
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