30.06.2009 - Saudi loan restructuring to hit Gulf borrowing
From Tradearabia.com: The debt restructurings of privately-owned Saudi groups Saad and Algosaibi could curtail international lending to Saudi Arabia and the Middle East, banking sources said. The Saudi problems come after similar issues in Kuwait, and companies in the Gulf region may now face problems refinancing syndicated or bilateral loans, bankers say, as fears spread they are facing structural debt problems........Full Article: Source