The National Commercial Bank (NCB), Saudi Arabia's largest bank by assets, has the least exposure to struggling builder Saudi Oger, unnamed banking sources were quoted as saying by Alriyadh Newspaper.
NCB arranged only 7 percent of the loans secured by the Saudi construction firm, the sources added.
Earlier reports had claimed that NCB had the greatest exposure to the construction firm.
Oger was one of two large Saudi contractors tasked with implementing the kingdom’s grand infrastructure plans before it was squeezed by state spending cuts and months-long delays in payments owed by the government.
The company lately began talks with potential buyers for its 20.93 percent stake in Arab Bank in a deal that could raise about $1 billion, Argaam previously reported.
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