VOL. XL
No. 48
1-December-1997
SAUDI ARABIA
GIB Arranges $80Mn Facility For Alhamrani Group
A syndicate of seven banks has raised a SR300mn ($80mn) five-year revolving creditfacility for the Alhamrani United Company (AUC), a subsidiary of the Alhamrani Group ofSaudi Arabia. The facility was provided by Gulf International Bank (GIB), which alsoarranged the facility, and al-Bank al-Saudi al-Fransi, Arab Banking Corporation (ABC),Arab National Bank, Barclays Bank, Saudi American Bank and Saudi...
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