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Arab Bank Group signs $6.1bn loan
2007-10-04 - AME Info | Saudi Arabia | Latest News - Arab Bank Group has signed a $6.1bn loan agreement, as part of a consortium of international and regional banks, for the benefit of SABIC Innovative Plastic, a subsidiary of Saudi Arabia's SABIC company. The loan will be used to finance 70% of a deal under which SABIC will acquire the US General Electric's General Electric Plastic. The Arab Bank plays the role of mandated lead arranger in the deal. <BR>  

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