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...