Middle East Economic Survey

VOL. LII

No 19

11-May-2009

SAUDI ARABIA

Saudi Fransi Secures Financial Advisory For Steel Project

Banque Saudi Fransi has signed an agreement with Muhammad Abdulaziz Al Rajhi & Sons Industrial Holding Company (MARS) to act as financial adviser for the structuring and arrangement of debt financing for MARS new combination bar and rod mill project and also possibly a direct reduced iron (DRI) project, MEES learns. The bar and rod mill project is estimated to cost...