| From Gulfnews.com: Arab Bank Plc said loans given to Saudi Arabia's Saad and Algosaibi groups, which plan to restructure debt, shouldn't affect the financial position of Jordan's biggest lender as they are backed by guarantees.
The loans are backed by personal and institutional guarantees and mortgaged shares, Arab Bank said in an e-mailed statement from Amman yesterday. The bank extended the long-term loans because Saad and Algosaibi have more than $40 billion (Dh146.9 billion) in assets, it added.........Full Article: Source
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