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Email this article: Saudi banks exposure to Saad, Algosaibi estimated at US$5 billion



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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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INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.



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