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Email this article: Saudi banks exposure to Saad, Algosaibi estimated at US$5 billion
Posted: Wed August 26, 2009 5:02 pm
SAUDi ARABIA. Saudi banks have a combined exposure of around US$5 billion to the two troubles Saudi family conglomerates, Saad Group and Ahmad Hamad Algosaibi & Bros., according to a Standard Chartered report.
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UAE. Deloitte report highlights the alternative forms of funding available to deliver the required infrastructure across Middle East airports and to counteract the potential reduction in the ability to raise necessary finance.
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