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Al Waha, $504m petro finance
- Saudi Arabia: Thursday, September 28 - 2006 at 09:33
Al Waha Petrochemical Company has signed shariah-compliant financing agreements valued at $504m to build a petrochemical complex in Jubail Industrial City. The $1bn project includes the construction of a polypropylene plant and a propane dehydrogenation plant. Financing banks are Arab Banking Corporation, Bank Aljazira, Banque Saudi Fransi, Gulf International Bank, SABB and Saudi Hollandi Bank.
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James McInerney, News EditorThursday, September 28 - 2006 at 09:33 UAE local time (GMT+4)
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This article was updated on Tue Nov 21 2006.
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