VOL. XL
No. 26
30-June-1997
SAUDI ARABIA
SCECO-East Signs $500Mn Term Loan Facility
Manama-based Gulf International Bank (GIB) announced on 23 June that aconsortium of banks signed a $500mn 10-year term loan facility in al-Khobar with the SaudiConsolidated Electricity Company in the Eastern Province (SCECO-East). The loan, taken topart-finance the building of the Ghazlan II power plant and associated projects, wasarranged by al-Bank al-Saudi al-Fransi, Chase Investment Bank, Gulf International...
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