Middle East Economic Survey

VOL. XLIX

No 30

24-Jul-2006

SAUDI ARABIA

Lenders Appointed To Sipchem Acetyls Project

Lenders have been appointed to the Saudi International Petrochemicals Company (Sipchem) acetyls project. They comprise seven local banks Arab National Bank, Bank al-Saudi al-Fransi, National Commercial Bank (NCB), Riyad Bank, Samba, Saudi British Bank and Saudi Hollandi, and two regional banks Arab Banking Corporation and Gulf International Bank. Margins on the bank tranche are 165-200...