VOL. XLVI
No 20
19-May-2003
ENERGY FINANCE
Sadaf IPP Being Financed As Club Deal
The consortium developing the independent power project (IPP) for SABICs Saudi Petrochemical Company (Sadaf) has mandated Credit Agricole Indosuez and al-Bank al-Saudi al-Fransi as lead arrangers for the financing. A further five banks, including Arab National Bank, Riyad Bank, SAMBA, Gulf International Bank and Apicorp) are being invited into a club deal as arrangers to finance the build-operate-transfer (BOT)...
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