NO. 12/13

25-DEC-1989/1 JAN1990

Saudi Arabia

Samba Arranges Loan for Saudi Fertilizer Company

The National Chemical Fertilizer Company (Ibn al-Baytar) last week signed aloan agreement for SR250mn ($66.7mn) with the Saudi American Bank (Samba) tohelp finance the current expansion project of Ibn al-Baytar's fertilizer plantat Jubail. According to Mr. Ibrahim ibn Salamah, Vice Chairman and ChiefExecutive Officer of the Saudi Basic Industries Corporation (SABIC) which hasa 50% stake in Ibn...