Middle East Economic Survey
VOL. XLVII
No 45
8-November-2004
ENERGY FINANCE
Gulf Advanced Chemical Industries Secures $47Mn Loan
Saudi International Petrochemical Companys (Sipchem) subsidiary, Gulf Advanced Chemical Industries (GACIC) has signed an agreement to receive a SR176.25mn ($47mn) loan from Saudi Hollandi Bank. The loan will be used to construct a 75,000 ton/year butanediol (BDO) plant in Jubail Industrial City. GACICs financial advisor was Turquoise International, a London-headquartered...
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