VOL.XXXVI

NO.49

6-SEPTEMBER-1993

Financialand Banking News

RegionalFinancing

NCB Expects To Conclude Sceco-West Loan Soon

Jiddah-based National Commercial Bank (NCB) hopes toconclude the SR1.47bn ($392mn) loan for the Saudi Consolidated ElectricityCompanyfortheWestern Region (Sceco-West)

around the middle of September.Participatingbankswill includebothSaudiand regionalinstitutions.The loan,

which is believed to be priced around 13/16% of Libor,met considerableresistancefrombankerswhenit was first

...