Affiliates of Saad Group and Al Gosaibi Group - two family-owned Saudi companies that are restructuring their debts - owe at least $860 million (Dh3.1 billion) more than what were previously reported.
The two groups have borrowed a total of $7.43 billion (Dh27.2 trillion) through syndicated loans from 88 international banks, including BNP Paribas SA, Citigroup Inc. and Arab Bank Plc, according to a document provided by one lender.
An earlier list showed $6.62 billion (Dh24.3 billion) of loans to the two closely held groups.
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