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Article: Ahli Bank says it has no exposure to Saudi groups.
- Article from:
- Times of Oman (Muscat, Oman)
- Article date:
- June 24, 2009
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Byline: Bloomberg
DUBAI Eoe1/4" Ahli Bank, the Omani provider of long-term loans for property construction and home purchases, said it has no exposure to Saudi ArabiaEoe1/4aos Saad and Algosaibi Group, which have defaulted on their obligations.
Eoe1/4EoWe would like to confirm that Ahli Bank has no financial relationship or exposure to Saad Group and Algosaibi Group,Eoe1/4A[yen] the bank said in a statement to the Muscat bourse yesterday.
BankMuscat, OmanEoe1/4aos biggest bank, said on June 11 Saad and Algosaibi owed the lender and its unit in Bahrain a combined RO66 million ($171 million). National Bank of Oman SAOG, the SultanateEoe1/4aos ...