Middle East Economic Survey

VOL. L

No 33

13-August-2007

SAUDI ARABIA

Deadline Extended For Bank/Bond Participants In SABIC GE Plastics Financing

The deadline for responses to Saudi Basic Industries Corporations (SABIC) bond and bank financing request for its $11.8bn buyout of GE Plastics has been extended to allow potential investors more time during the slow summer season, MEES understands. Commitments are now due this week and the bond will be priced on 20 August. Under normal market conditions,...