Financial and Banking News


Petromin Shell Gets Guarantees for its Loan 

The Petromin Shell Refinery Company (PSRC) has mandated Riyad Bank to raise $180mn to finance the final stages of the construction of its petrochemical plant at Jubail. This deal spent almost twelve months in gestation, partly as a result of technical delays in converting the design of the plant to take heavier crude oil feedstock, and partly because of a disagreement with the Public...