VOL. XXXVII

NO. 41

11-JULY-1994

Financial and Banking News

Regional Financing

Financing Plans Move Ahead For Sadaf And Ibn Rushd

Seven Gulf banks are expected to offer to underwrite part or all of the$680mn loan being sought by the Saudi Petrochemical Company (Sadaf). The sevenare Apicorp, Riyad Bank, National Commercial Bank, Saudi American, Saudi Britishand Saudi Hollandi. Sadaf wants to receive offers by mid-July but has alreadybeen asked by some banks to extend the deadline until the end of...