26.06.2009 - ADCB allays investor fears about exposure to Saudi groups
From Gulfnews.com: Abu Dhabi Commercial Bank (ADCB) said on Thursday its exposure to the troubled Saudi business groups Saad and Algosaibi should not raise "significant concerns for investors". "[A] large percentage of these exposures is covered by cash collateral. ADCB holds other good security, ADCB has taken high and prudent provisions against such losses and there's a low probability of complete loss........Full Article: Source
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