Middle East Economic Survey

VOL. XLVIII

No 49

5-December-2005

SAUDI ARABIA

Sharq Petrochemical Project Appoints Bank Group

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 appointed 10 mandated lead arrangers (MLAs), MEES learns. Only two local banks joined the deal al-Saudi al-Fransi and Apicorp, and the latter, which is Saudi-based, is a regional player rather than a...