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...
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