Financial and Banking News
LOANS AND ISSUES
Two Further Saudi Petrochemical Loans to Raise $180mn
Two loans for joint ventures in the Saudi petrochemical sector are currently being arranged for a total of $180mn. The National Methanol Company (Ibn Sina) is raising $60mn from a club of four banks comprising Saudi International Bank, Gulf International Bank, al-Bank al-Saudi al-Fransi and Saudi British Bank, and the same group of banks has been mandated by the Jubail Petrochemical...