SAUDI ARABIA

 

Sadara Seeks Funding Amid Saudi Liquidity, International Lender Uncertainty

 

Saudi Arabia’s game-changing $20bn Sadara petrochemical project has, to all intents and purposes, been launched to the bank market. Lenders were asked to sign confidentiality agreements on 14 May, and as they return these, they will receive documents providing detailed information about the 3mn tons/year project. This procedure is expected to be wrapped up...