EmiratesNBD Exposure to AlGosaibi and Saad - Around US$350 Million

Khaleej Times reports.

And not a big deal for EmiratesNBD in terms of any real harm.

At 30 September 2009, the Bank had AED 32. 3 billion (US$8.8 billion) in shareholders' funds.  And had earned AED 3.2 billion (US$897 million) for the first nine months of 2009 - even after increasing loan loss provisions 163% to AED 2.0 billion from AED 0.7 billion in the corresponding period in 2008 (Note 7).