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Foreign banks to tighten lending to Saudi, says BNP
- Saudi Arabia: Wednesday, September 09 - 2009 at 09:14
Foreign banks will now be more cautious in lending to Saudi family businesses in light of recent problems at Saad Group and Ahmad Hamad Algosaibi and Bros, an executive at France's BNP Paribas told Reuters. 'There will be an impact on the appetite of the banking sector to lend in Saudi Arabia,' Jean-Christophe Durand, chief executive of BNP Paribas in the Gulf region, told the news service.
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StaffWednesday, September 09 - 2009 at 09:14 UAE local time (GMT+4)
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