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Arab Bank Group signs $6.1bn loan
- Saudi Arabia: Thursday, October 04 - 2007 at 09:20
Arab Bank Group has signed a $6.1bn loan agreement, as part of a consortium of international and regional banks, for the benefit of SABIC Innovative Plastic, a subsidiary of Saudi Arabia's SABIC company. The loan will be used to finance 70% of a deal under which SABIC will acquire the US General Electric's General Electric Plastic. The Arab Bank plays the role of mandated lead arranger in the deal.
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Jeff Florian, Senior ReporterThursday, October 04 - 2007 at 09:20 UAE local time (GMT+4)
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