NO. 3


Financial and Banking News

Regional Banking

Six Banks To Participate In Loan For Sceco-West; Invitations Sent ForSamad

Six banks are to participate in a SR1.1bn loan for the Saudi ElectricityCompany (West - Sceco West). The loan was effectively closed in mid-October, andsigning is anticipated in November. The loan is priced at 13/16% over Libor andthe fees are described by one of the participating banks as "quitereasonable". Jiddah-based National Commercial Bank is...