LONDON Feb 1 Saudi Oger has signed a $1.03
billion syndicated loan, which will be used to replace debt
related to the construction group's investment in Arab Bank
shares, the lead arrangers said in a statement.
The four-year underwritten loan was arranged by Deutsche
Bank, Emirates NBD and Qatar National Bank as initial mandated
lead arrangers and bookrunners.
Al Khaliji Commercial Bank and Blom Bank were mandated lead
arrangers, while Bank Audi and Gulf Bank were lead arrangers.
Banque Libano-Francaise, Commercial Bank International,
Maybank, and Riyad Bank were arrangers on the transaction.
Saudi Oger tapped the international loan market in August
2011 for a $2 billion-equivalent, dual-currency loan arranged by
Deutsche Bank, China Development Bank and Emirates NBD. That
loan backed the construction of police training facilities in
(Reporting by Alasdair Reilly; Editing by Helen