VOL. XLIV
No. 29
16-July-2001
ALGERIA
IDB Signs $46MnFacility With Sonatrach
Sonatrach announced on 10 Julythat it had signed two financing agreements for a total of $46mn with theJiddah-based Islamic Development Bank (IDB). According to a statement issued bythe company, the first agreement relates to a total of $31mn from the IDBs ownfunds, while the remaining $15mn will be sourced from the IDBs InvestmentFund.
The finance, which will be in theform of an istithna transaction, will finance goods...
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