Middle East Economic Survey

VOL. XLVIII

No 4

24-January-2005

SAUDI ARABIA

Sipchem Appoints Saudi British Bank/HSBC Financial Advisor For Acetyls Complex

Saudi International Petrochemical Company (Sipchem) on 16 January announced that it had engaged Saudi British Bank (SBB)/HSBC to act as financial advisor for its planned acetyls complex in al-Jubail Industrial City. SBB/HSBC will assist Sipchem in the financial structuring with a view to launching a competitive project financing bid process for...