Construction firm Saudi Binladin Group (SBG) has secured a SR2.5-billion ($667 million) loan from local banks to ease its financial pressures, banking sources aware of the matter said on Wednesday.
Arab National Bank and Saudi Bri
Saudi Electricity Co (SEC) signed a $900 million loan agreement with the Export-Import Bank of Korea (Kexim) and other international lenders to help finance Shuqaiq power plant's construction, the utility said on Sunday.
Emirates NBD (ENBD), Dubai's largest bank, and Commercial Bank of Dubai (CBD) are both talking to banks to raise a combined total of up to $1.7 billion in loans to refinance existing debt, sources close to the matter said.
Qatar's Ahli Bank has started talks to raise a $250 million three-year loan, banking sources told Reuters on Monday.
The loan will be partially used to refinance an existing $200 million facility the bank signed in September 2
State-owned refiner Kuwait National Petroleum Company (KNPC) signed on Thursday the first tranche of financing for its multi-billion-dollar Clean Fuels Project, a major plank of the country's economic development plan.
Saudi Arabia is close to securing a $10 billion, five-year bank loan, the government's first significant foreign borrowing for over a decade, as the world's top oil exporter seeks to fill a record budget gap caused by low crude prices.
Saudi Arabia is close to securing a $10 billion loan from banks, sources told Reuters on Wednesday, as the world's top oil exporter seeks to fill a record budget deficit caused by low crude prices.
The kingdom had initally bee
An oil refining joint venture between national oil firm Saudi Aramco and China's Sinopec has obtained a $4.7 billion syndicated loan to refinance shareholder funds used for its construction, the venture said.
Britain said it could offer state loans to tempt a private bid for Tata's loss-making Port Talbot steelworks as Prime Minister David Cameron scrambles to save at least 10,000 jobs thrown into jeopardy by a global steel crisis.
A consortium including China's Harbin Electric and Saudi Arabia's Acwa Power aims to secure a loan of up to $1.4 billion before the end of the second quarter to finance a 1,200 MW clean coal power plant in Dubai, UAE, sources told Reuter