Middle East Economic Survey

VOL. XLVIII

No 48

28-November-2005

SAUDI ARABIA

Sharq Financing Demonstrates Fresh Pressure On Gulf Lending Margins

Sharq, a joint venture between Saudi Basic Industries Corporation (SABIC) and SPDC, a Japanese consortium led by the government of Japan and the Mitsubishi group of companies, has secured an extremely low margin of 50bps for the full 10 year tenor of the loan related to its third expansion plan, MEES understands. The group of mandated lead arrangers was...