Financial and Banking News
Loan For Sceco-West Meets Resistance From Bankers
Bankers are giving a cool reception to the SR1.47bn ($392mn) nine-year loanbeing sought by the Saudi Consolidated Electricity Company for the WesternRegion (Sceco-West). MEES understands that during the first days of July - somethree weeks after the deal was put into the market - no Saudi banks had agreedto participate. Nevertheless, the arranger, Jiddah-based National...