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Sabic, $6bn finance for Q2
- Saudi Arabia: Sunday, December 17 - 2006 at 08:04
Saudi chemical giant Sabic is negotiating with five international and Gulf Arab lenders about arranging finance for Q2 2007 to help fund the construction of the $10bn Saudi Kayan Petrochemical complex on the Gulf coast, reported Reuters. Sabic's CFO Mutlaq Al Morished revealed in October that between $4-6bn would be raised via bonds, loans and Islamic finance. The debt will have a maturity of at least 15 years.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 17 - 2006 at 08:04 UAE local time (GMT+4)
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