The Gulf News (Dubai) reports that CB UAE has disclosed that 13 national banks and 7 foreign bank branches in the UAE (20 banks in total) have exposure of US$2.9 billion to the AHAB and Saad Groups.
The article also reveals the identity of the bank that asked for and received a court freeze on Saad Group assets in the UAE: Abu Dhabi Commercial Bank, which has reported exposure to both AHAB and Saad at some US$609 million.
Posts
No comments:
Post a Comment