Qatar and the Gulf Arab States have requested a $500 million loan from Japan's Sumitomo Bank.
The seven-year loan is expected to be finalized by the end of August, and syndication is to take place shortly after.
SibexNews reported that Bahrain-based Gulf International Bank has been approached as one of the financial institutions to participate at the underwriting stage. — (Albawaba-MEBG)
© 2000 Mena Report (www.menareport.com)
