NO. 29


Financial and Banking News

Regional Financing

GIB And Apicorp Join Luberef Underwriting Group

Bahrain-based Gulf International Bank (GIB) and the Arab PetroleumInvestments Corporation (Apicorp), which is based in Dhahran, have joined thegroup of banks which is underwriting the $125mn loan for Luberef, the Saudilube oil refining venture. The group is led by Emirates Bank International (EBI).Both GIB and Apicorp were members of the rival bidding group which also...