Monday 16, June 2008 by

ENBD, QNB and Arab Bank in $550 million loan

Al Arrab Contracting Company Ltd (ACC), part of the Al Rajhi group of Saudi Arabia, recently signed a term loan agreement jointly with Emirates NBD (ENBD), Qatar National Bank (QNB), and Arab Bank, the mandated lead arrangers and joint underwriters for $550 million, to partially finance the cost of constructing 10 towers located in the Pearl of Qatar project.

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