Middle East Economic Survey
VOL. LII
No 8
23-Feb-2009
SAUDI ARABIA
Sipchem Signs $360Mn PIF Loan
Saudi International Petrochemical Company (Sipchem) announced on 15 February that it had signed a funding agreement with the state-owned Public Investment Fund (PIF) for a SR1.35bn ($360mn) loan to be used in the construction of its Acetyls Complex in Jubail. Sipchem had earlier secured for the complex a SR1.12bn ($298mn) loan from the Saudi Industrial Development Fund and a SR1.43bn ($382mn) commercial...
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