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...
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