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Sahara secures SR400m credit facility
- Saudi Arabia: Monday, October 15 - 2012 at 01:34
Saudi-based Sahara Petrochemical Co has signed a three-year, medium-term revolving credit facility with Saudi Investment Bank for SR400m ($107m), Reuters has reported. The facility will give standby support both to the company's working capital and to aid future investments, Jubail-based Sahara said. The firm produces basic petrochemicals including propylene, acrylic acid, ethylene, low and high density polyethylene, caustic chlorine and ethylene dichloride.
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