SAUDI ARABIA

Sadara Project Funding Finalized
 
The Sadara Chemical Company joint venture of Saudi Aramco and Dow Chemical on 30 June announced financial close for the $10.5bn main lending package that completes project financing for their 3mn tons/year petrochemicals complex at Jubail. This supplements $2bn raised through an April Sukuk: the total $12.5bn raised is the largest ever Mideast project financing (MEES, 21 June).
 
The $20bn Sadara project with its 26 world scale...