Financial and Banking News
Banks to Syndicate $500mn for Ibn Zahr; Sharq and Ibn Sina Next in Line
A $500mn loan for the SABIC subsidiary Ibn Zahr (Saudi European PetrochemicalCompany) will be put into the market by the end of the month. Four Saudi banks -National Commercial Bank, Riyad Bank, Saudi American Bank, and Bank al-Saudial-Fransi - have been mandated by Ibn Zahr's financial advisors to act as leadmanagers/underwriters. The loan is...