Fri, Apr 25, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking more

GCC’s Saad, Al-Gosaibi exposure ’significant’

Posted on 23 July 2009

From Maktoob.com: The exposure of 30 Gulf banks to troubled Saudi conglomerates Saad Group and Al-Gosaibi create “significant credit risks for these banks” as the exposure is “significant but manageable”, ratings agency Standard and Poor’s said on Wednesday.

S&P conducted a survey of banks in Gulf Cooperation Council (GCC) countries and reported that exposure to the two Saudi groups is as high as 20 percent of the adjusted total equity of some banks………Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930