NO. 27


Financial and Banking News

Regional Financing

Emirates Bank International Confirmed To Manage Luberef Loan

Dubai-based Emirates Bank International (EBI) has confirmed that it hasbeen mandated to raise a $125mn loan for Luberef, the Saudi lube oil refiningventure. The mandate was issued on 26 March. EBI's offer is fully underwrittenby banks in the UAE and Bahrain and defeated a rival offer by a group of Saudiand regional banks (MEES, 27 March). Signing for the loan...