Browse
related articles
Saad in deal with local creditors, says SAMA
- Saudi Arabia: Tuesday, September 29 - 2009 at 08:56
Muhammad al-Jasser, governor of Saudi Arabia's Saudi Arabian Monetary Agency (SAMA), has said that Saad Group has reached an agreement with Saudi creditors to repay syndicated and bilateral loans, Reuters has reported. Two bankers had said on September 17 that a Saudi government panel had brokered a deal between local creditors and Saad Group. One banker said the deal covered repaying syndicated loans worth $700m and bilateral loans of unknown volume. The banks agreed to a 15% haircut on the outstanding debts to reach the accord.
Also consider reading:
Today's top stories
Week's top stories
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
- » Boeing pushes 777 fix
- » ExxonMobil demonstrates industry expertise at 2009 International Petroleum Technology Conference
- » Agility 'optimistic' over US contract dispute
- » Fitch: UAE banking sector can absorb bad loan increase
- » Turki AL Shahrani appointed Director of Sales and Marketing for Riyadh Marriott
StaffTuesday, September 29 - 2009 at 08:56 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
It looks like you are using a Mac - check out our 
Web Feeds