Monday, Feb 04, 2013
(This story was originally published Sunday.)
DUBAI (Zawya Dow Jones)--Construction company Saudi Oger (SO.YY) signed a $1.03 billion syndicated loan to refinance a debt related its investment in Arab Bank shares, the lead arrangers of the facility said in an emailed statement.
Deutsche Bank, Emirates NBD and Qatar National Bank Group said they arranged a four-year, $1.03 billion term facility.
"The purpose of the facility is to refinance Saudi Oger's indebtedness related to the group's investment in Arab Bank shares," according to the statement.
Al Khaliji Commercial Bank, Blom Bank, Bank Audi and Gulf Bank, Banque Libano-Franaise, Commercial Bank International, Malayan Banking Berhad (Maybank) and Riyad Bank were also involved in the deal.
Write to Nicolas Parasie at nicolas.parasie@dowjones.com
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(END) Dow Jones Newswires
04-02-13 0342GMT
