NO. 40


Financial andBanking News

Loans & Issues

Saudi British Bank Arranges Financing For Riyadh Power Plant

Under an agreement signed on 24 June, the Saudi British Bank has arranged aloan of $80mn for the Saudi Consolidated Electric Company-Central to helpfinance the construction of a power plant with a capacity of 1,285 megawatts forthe Riyadh area. Two contracts for the construction of the plant were awarded inJune to General Electric Corp. of the US ($1.36bn) and...