Middle East Economic Survey

VOL. XLVIII

No 12

21-March-2005

SAUDI ARABIA

Yansab Underwriting Commitment To Reach At Least $500Mn

Saudi Basic Industries Corporation (SABIC) held a beauty parade in early March to select an advisor/underwriter for its Yansab olefins greenfield plant on the Red Sea. With an underwriting commitment of at least $500mn, it was necessary for international and local banks to team up, MEES learns. The shortlisted banks include Calyon with Saudi Fransi, ABN Amro with Saudi...