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Paribas, Citigroup top Saad, Algosaibi creditors list
- Saudi Arabia: Thursday, June 25 - 2009 at 09:19
Paris-based BNP Paribas SA and Citigroup Inc have each provided approximately $500m in syndicated loans to companies owned by Saudi billionaire Maan al-Sanea and the Algosaibi family, making them the most at risk to the country's largest debt restructuring, according to Bloomberg. The banks top a list of 37 creditors that provided $5.6bn to units of Saad Group. The creditors lent another $700m to Ahmad Hamad Algosaibi & Brothers Co.
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StaffThursday, June 25 - 2009 at 09:19 UAE local time (GMT+4)
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