Arab Bank currently has an estimated USD$ 75.00 million invested or available for the nuclear weapons producers identified in this report.
In June 2011, Bechtel signed a five-year revolving credit facility with a value of US$ 2,500 million. The facility is split in two tranches: a US$ 1,550 million letter of credit and a US$ 950 million revolver. The proceeds would be used to refinance debt and for working capital purposes. Europe Arab Bank, a subsidiary of Arab Bank, was part of the syndicate of 24 banks, and committed an estimated amount of US$ 75 million.1
In March 2010, Boeing secured a credit facility with a value of US$ 865 million, due October 2011. The proceeds were used for general corporate purposes. European Arab Bank, a subsidiary of Arab Bank, participatedin the syndicate of 12 banks, providingUS$ 50 million.((Thomson ONE Banker, “Tearsheet 2566490115”, Thomson ONE Banker (www.thomsonone.com), 17 March 2010; Bloomberg Database, “Loan finder”, Bloomberg Database, viewed November 2011.))
Bloomberg Database, “Loan finder”, Bloomberg Database, viewed July 2013; Thomson ONE Banker, “Tearsheet 2758129115”, Thomson ONE Banker (www.thomsonone.com), 2 June 2011. ↩