28.07.2009 - Gulf Banks may 'raise provisions on Saudi groups'
From Tradearabia.com: Saudi and Gulf banks may increase provisions on troubled Saudi groups towards the end of the year but levels will not be threatening, the chief economist of Saudi state-owned National Commercial Bank (NCB) said on Monday. Banks in the Gulf region have taken provisions after troubled Saudi conglomerates Saad Group and Ahmad Hamad Algosaibi & Brothers said they would restructure debt...........Full Article: Source