MASHREQBANK MAY HOLD SETTLEMENT TALKS WITH ALGOSAIBI

November 2, 2009

Nov. 2 (Bloomberg) -- Mashreqbank PSC Chief Executive Officer Abdul Aziz Al-Ghurair said the United Arab Emirates- based lender may hold talks to reach a settlement with Ahmad Hamad Algosaibi & Bros Co., a Saudi family group that defaulted.

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MASHREQBANK MAY HOLD SETTLEMENT TALKS WITH ALGOSAIBI

November 2, 2009

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