VOL. XXXIX

No. 24

11-March-1996

SAUDI ARABIA

Ghazlan Financing Decision To Be Announced Soon

Two of the original four bidding groups are left in the running to provide $500mn in financing to SCECO-East, the Saudi power utility which is planning to expand its Ghazlan power station. One group consists of Citicorp, Saudi American Bank, Arab Banking Corporation and National Bank of Bahrain, and the other comprises Chase Manhattan, Gulf International Bank, National Commercial Bank, al-Bank...