Middle East Economic Survey

VOL. XLVII

No 45

8-November-2004

ENERGY FINANCE

Samba and Saudi Hollandi Bank Sign Agreement To Finance Jubail Petrochemicals Project

Samba Financial Group and Saudi Hollandi Bank announced the signing of the Islamic financing agreements with Gulf Farabi Petrochemical Company (GFPC) on 27 October. The financing agreements will cover 29% of the construction of a 120,000 ton/year N-Paraffin (NP) plant and a 70,000 t/y Linear Alkyl Benzene (LAB) plant at Jubail Industrial...