VOL. XLV

No 2

14-January-2002

SAUDIARABIA

SABICs Jubail UnitedPetrochemical Company Secures $1.154Bn

The Jubail United PetrochemicalCompany (JUPC), a wholly-owned subsidiary of Saudi Basic IndustriesCorporation, has secured a $1.154bn loan from a consortium of international andregional banks for the construction of a new petrochemical plant. Thethirteen-bank consortium is comprised of Riyad Bank, Saudi Fransi Bank,National Commercial Bank, Arab National Bank, Saudi Investment Bank, SaudiBritish...