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Samba inks USD loan deal with Asian banks

Samba inks USD loan deal with Asian banks
The banks included People's Bank of China
SAMBA
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4.62% 38.50 1.70

Riyadh – Mubasher: Saudi Arabia’s Samba Financial Group has reached a USD-dominated credit facility agreement with a group of Asian banks.

The banks included Mizuho Bank, Korea Development Bank (KDB), and People's Bank of China, according to a company statement released on Saturday.

Samba reported a 7.4% year-on-year decrease in profits in the first quarter of 2019, recording SAR 1.2 billion.