VOL. XLVII
No 01
5-January-2004
ENERGY FINANCE
SIDF Approves $107Mn Loan To Sipchem
The Saudi Industrial Development Fund (SIDF) on 28 December approved a SR400mn ($107mn) term loan facility to Gulf Advanced Chemical Industries Company Ltd (GACIC), an affiliate of Saudi International Petrochemicals Company (Sipchem). The loan will help to finance GACICs butanediol project, which is planned to be built at the companys petrochemical complex in Jubail Industrial City. Construction of the facility,...
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