VOL. XXXVIII
NO. 45
7-AUGUST-1995
Financial and Banking News
Arab NationalBank Finances Expansion Of Riyadh Power Plant
Under an agreementsigned on 30 July, the Arab National Bank will lend the Saudi ConsolidatedElectric Company-Central SR188mn ($50mn) to finance the cost of the secondexpansion project for the company's power plant at Riyadh. The expansion, whichwill be carried out by General Electric, will add four gas turbines with agenerating capacity of 230 megawatts. Upon completion the...
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