VOL. XXXVII

NO. 45

8-AUGUST-1994

Financial and Banking News

Regional Financing

...And Sceco-Central Award Delayed While Financing Is Reconsidered

Hard on the heels of the balance of payments loan deferment came news thatthe $1.6bn expansion plan for the Saudi Consolidated Electric Company - Central(Sceco - Central) was being delayed due to financing difficulties. Local banksappear to have balked at the prospect of providing around $1bn in loan financefor the expansion, and the official who...