VOL. XLVI
No 2
13-January-2003
SAUDI ARABIA
SABICs Jubail Completes Signing Of $1.154Bn Loan Facility
The Jubail United Petrochemical Company (JUPC), a wholly-owned subsidiary of Saudi Basic Industries Corporation (SABIC), said on 8 January that it had completed the formal signing of a SR4.33bn ($1.15bn) loan facility for the construction of a new petrochemical plant. JUPC had signed the agreement with a consortium of international and regional banks on 29 August (MEES, 9 September 2002) but it...
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