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...