Financial and Banking News


Sharq Signs $107.6MN Two-Tranche Loan 

The Eastern Petrochemical Company (Sharq) - a joint venture between the Saudi Basic Industries Corporation (SABIC) and a Japanese consortium led by Mitsubishi - on 15 September signed a two-tranche 7-year loan of SR328.5mn ($87.6mn) and $20mn. The riyal tranche was arranged by Saudi American Bank and al-Bank al-Saudi al-Fransi, with other participants comprising al-Bank al-Saudi al-Hollandi, United...