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Islamic Finance Briefing - Categorized | Banking, Research more

UAE banks have $3 bln exposure to Saudi firms

Posted on 03 July 2009

From Aawsat.com: Banks in the United Arab Emirates face at least $3 billion in potential losses from two troubled Saudi family conglomerates.

The banks’ exposure goes beyond syndicated loans, the paper said, and includes bilateral financing arrangements built up over the years preceding the market crash of 2008, the paper said. ………Full Article: Source

 
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