VOL. XXXIX

No. 31

29-April-1996

SAUDI ARABIA

Nine Banks Arrange $193Mn Credit Facility For Riyadh Power Plant

The Binladin Group of Saudi Arabia and nine banks on 17 April signed a $193.4mn syndicated credit facility, lead- managed by National Commercial Bank and Saudi American Bank. The facility, which includes loans, letters of credit and guarantees, will part finance Binladin's share in the cost of construction of a $1bn power plant in Riyadh. The plant, which will have a capacity...