Gulf Bank on Dubai World

Published December 2nd, 2009 - 09:48 GMT

A spokesperson for Gulf Bank announced that the Bank participated in unfunded syndicated facilities for Dubai World of KD28 million, with maturity in June 2010.

Fawzy Al-Thunayan, GM Board Affairs of Gulf Bank stated that otherwise the Bank has no cash, other bank facilities or investments with Dubai World or its subsidiary, Nakheel.

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