VOL. XXXIV

NO.16

21-JANUARY-1991

Saudi Arabia

Titanium Dioxide Plant Secures New Loan from SIDF

The National Titanium Dioxide Company (Crystal) has obtained a newlow-interest loan of SR91mn ($24.3mn) from the Saudi Industrial Development Fund(SIFD) to help finance the construction at Yanbu' of its 51,500 ton/yeartitanium dioxide plant. Crystal had previously secured a SR242mn ($64.5mn) loanfrom SIFD for the plant (MEES, 6 March 1989). The company is capitalized atSR178mn ($47.5mn) and the total...