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BankMuscat has $171mln exposure to Saad, AHAB

Posted on 12 June 2009

From Tradearabia.com: BankMuscat said on Thursday its exposure to troubled Saudi businesses Saad Group and Ahmad Hamadt Al Gosaibi Group & Brothers (AHAB) totals 66 million rials ($171.4 million).

“Bank Muscat has direct exposure to these groups amounting to approximately 49 million rials through our Riyadh Branch,” it said in a statement on the Oman bourse website……..Full Article: Source

 
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