Financial and Banking News
Riyad Bank to Underwrite $350mn for Saudi Arabia's Sharq
Riyad Bank has been appointed sole underwriter for a $350mn loan to theEastern Petrochemical Company (Sharq). The loan will be for 8 1/2 years and willbe available in Dollars, Yen and Saudi Riyals. SABIC has a 50% share of Sharq.The remainder is owned by a Japanese government agency and a consortium ofJapanese companies led by Mitsubishi.
The loan is one element in a...