VOL. XL

No. 9

3-March-1997

UAE

UGB Gets $38Mn Syndicated Loan

KIPCO, which also has offices in the UK and USA, is active in the paint, dairy, media, banking and other financial services sectors in the GCC states. It is also trying to bring about a merger between three banks - Burgan, al-Ahli and Bank of Kuwait and the Middle East (BKME) - in Kuwait.