Middle East Economic Survey

VOL. XLIX

No 43

23-Oct-2006

SAUDI ARABIA

Further Details Emerge On SABIC Europe Funding

Further details are emerging on the 2bn funding for Saudi Basic Industries Corporations (SABIC) European expansion (MEES, 9 October). The margins on the 1.25bn syndicated revolving five-year facility step up through a 25-60 bps per year scale according to the ratio of consolidated net borrowing to earnings before interest, taxes, depreciation and amortization (EBIDTA), MEES learns....