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National Bank of Fujairah posts $25.4m Saudi exposure
- United Arab Emirates: Thursday, October 01 - 2009 at 10:19
The National Bank of Fujairah has said its exposure to Saudi Arabia's Algosaibi Group amounts to $10.2m, and it also has $15.2m outstanding with Saad's Bahrain unit, Awal Bank, Reuters has reported. The lender has taken provisions of $3.3m for Algosaibi and $6.5m for Awal Bank as of August 31, according to a statement on the Abu Dhabi stock exchange.
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StaffThursday, October 01 - 2009 at 10:19 UAE local time (GMT+4)
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