VOL. XXXVI

NO. 3

19-OCTOBER-1992

Financial and Banking News

REGIONAL BANKING

Al Rajhi Lends Pakistan Petroleum $220mn

The Al Rajhi Banking and Investment Corporation has agreed to lend PakistanPetroleum Ltd. a total of SR824mn ($219.7mn) - SR468mn ($124.8mn) for the importof petroleum products and SR356mn ($94.9mn) for the construction of a powerplant in Pakistan. The World Bank had originally suggested that the power plantshould be financed by a long-term loan of $1.8bn provided by a number of...