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Saudi's Fawaz Alhokair closes in on loan for $1.1 bln Arab Bank stake buy -sources

Saudi Arabia's Fawaz Alhokair family aims to secure funding by next week to buy Saudi Oger's 20.93 percent stake in Arab Bank, banking sources said on Thursday, in a deal likely to be worth around $1.1 billion. The final group of lenders has yet to be finalised for the deal,…

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Click here to read the full story: Reuters

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