VOL. XLIII

No. 21

22-May-2000

SAUDI ARABIA

Petrokemyas $600Mn Syndicated Facility Closed With 17-Bank International Consortium

Saudi Basic Industries Corporation (SABIC) subsidiary Petrokemya signed a loan agreement for a syndicated facility of $600mn on 17 May with a consortium of 17 international and regional banks. The facility was lead-arranged by Riyad Bank, the Arab Petroleum Investments Corporation, Arab National Bank and the Industrial Bank of Japan, with three arranger banks, Gulf...