Gulf Bank: unfunded syndicated facilities for Dubai World

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unfunded syndicated facilities for Dubai World

Kuwait, 2 December 2009 : 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.