SAUDI ARABIA

 

Financing Wrapped Up For Tihama Power/Steam Projects At Aramco Sites

The financing for the $430mn expansion of the Tihama power and steam projects at three Saudi Aramco sites has been completed, MEES learns. The agreements for the loan were signed on 3 May. It is being supplied half in dollars and half in Saudi riyals by seven domestic banks comprising APICORP, Arab National Bank, Banque Saudi Fransi, SBB, Samba, Saudi Hollandi and Riyad Bank....