Middle East Economic Survey
VOL. LIII
No 2
11-Jan-2010
SAUDI ARABIA
SABIC To Issue First Private Bond Placement
State petrochemical company Saudi Basic Industries Corporation (SABIC) plans to issue its first private bond placement, to raise SR10bn ($2.67bn), as it seeks funding for expansion plans. The firm said on 30 December that it had signed an agreement with the Public Investment Fund (PIF), the investment arm of the Saudi Ministry of Finance and 70% stakeholder in SABIC, to launch several...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!