VOL. XXXIX

No. 44

29-July-1996

SAUDI ARABIA

Ghazlan Financing Announced

A consortium consisting of Gulf International Bank, Chase Investment Bank, al-Bank al-Saudi al-Fransi, Saudi British Bank and National Commercial Bank has won the mandate to arrange $500mn in financing for the Ghazlan expansion for the Saudi power utility SCECO-East (see related story in A section). MEES understands that the loan will be arranged under English law, that it is for 10 years and that it is priced at 95...