Banks to Arrange $200m for APICORP

JEDDAH, 14 March 2005 — Arab Banking Corporation, the Bank of Tokyo-Mitsubishi Ltd., BNP Paribas, Calyon, Gulf International Bank BSC, Mizuho Corporate Bank Ltd., Standard Chartered Bank and Sumitomo Mitsui Banking Corporation Europe Ltd. (the mandated lead arrangers) have been mandated to arrange a $200 million five-year syndicated term loan facility for Arab Petroleum Investments Corporation (APICORP). “The facility has been fully underwritten by the Mandated Lead Arrangers and proceeds will be used to refinance APICORP’s $200 million five-year syndicated term loan facility signed in July 2000,” the Bahrain-based Arab Banking Corporation (BSC) press release said yesterday.