VOL. XLIV

No. 14

2-APRIL-2001

BAHRAIN

GIB Appointed Independent Adviser

Gulf International Bank (GIB) announced on 21 March that it had been appointed as independent financial adviser to Jubail United Petrochemical Company (JUPC), a wholly-owned subsidiary of Saudi Basic Industries Corporation (SABIC), in relation to the debt finance for the latters proposed new petrochemicals complex in Saudi Arabia. MEES understands that GIB has been mandated to raise around $1.2bn in debt finance, with the...