VOL. XXXVI
NO. 31
3-MAY-1993
Financial and Banking News
REGIONAL FINANCING
GIB Lends $10mn To Kuwait's Commercial Facilities Company
Gulf International Bank (GIB) has signed a $10mn direct loan to CommercialFacilities Company (CFC), one of the two leading sources of automobile financein Kuwait. The loan, which was signed on 26 May, is for four years. CFC raised anumber of syndicated facilities in the years before the Iraqi invasion of Kuwaitand is understood to be servicing them all. All of the...
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