Feb 03 2010

Bemco signs SR2145bn loan deal with BSF NCB

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JEDDAH: Banque Saudi Fransi (BSF) and National Commercial Bank (NCB), both mandated lead arrangers, concluded the signing of a SR2.145 billion contract financing facility on Tuesday for Arabian Bemco Contracting Company Ltd., a lead regional engineering contractor for building power plants and industrial and infrastructure projects.

The NCB is also acting as the issuing bank, facility agent and security agent.

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