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...