VOL. XLV

No 20

20-May-2002

SAUDI ARABIA

SABIC Secures 2.4Bn Loan ForAcquisition Of DSM Petrochemicals

Saudi BasicIndustries Corporation (SABIC) said on 12 May that it had signed an agreementwith several banks for a 2.4bn loan for its intended acquisition of the NetherlandsDSM Petrochemicals (MEES, 8 April).The loan is being lead-arranged by JP Morgan Chase (who also acted as thefinancial advisor), Arab Petroleum Investments Corporation (APICORP), ArabBanking Corporation, Arab National Bank, Arab...