Saudi Oger closes in on rare Middle East forward start

12 Mar 2010

Saudi Oger, the privately-owned conglomerate, is close to completing a rare forward start facility from the Middle East.

The borrower is extending for two years a loan due towards the end of this year. The facility has already achieved a rollover rate of about 90%, according to bankers. "Saudi Oger is a good name and this has done very well," said one.

The deal is also one ...

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