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Maybank, Gulf Intl arrange $2.27B loan for Binladin

The investment banking arm of Malayan Banking Bhd and Bahrain's Gulf International Bank have arranged an 8.5 billion Saudi riyal($2.27 billion) Islamic financing facility for Saudi Binladin Group Limited, the Malaysian bank said on Thursday.

December 15, 2011 3:25 by

Twelve banks participated in the facility including Abu Dhabi Commercial Bank, Samba Financial Group , Ahli United Bank B.S.C. and Emirates NBD Bank PJSC, Maybank said in a statement.

The proceeds would be used to help finance the expansion of King Abdulaziz International Airport, the third largest airport in Saudi Arabia, it said. (Reporting by Liau Y-Sing; Editing by Niluksi Koswanage)

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