VOL. XLIV

No 49

3-December-2001

SAUDI ARABIA

Jubail UnitedPetrochemical Seeks $1.15Bn

SaudiArabias Jubail United Petrochemical Company (JUPC) is the latest large-scaleregional finance to test the waters of an uncertain market in a bid to raisefinance for a new complex in the kingdom. MEES understands that thecompany has called for finance proposals to be submitted by interested banks by5 December for a $1.154bn loan facility within a relatively tight timeframe.Bankers close to the deal told MEES...