VOL. XLIII
No. 29
17-July-2000
SAUDI ARABIA
SABICs Ibn Rushd Announces $850Mn Rescheduling Agreement
The Arabian Industrial Fibers Company (Ibn Rushd), a subsidiary of the Saudi Basic Industries Corporation (SABIC), announced on 11 July that it had finalized the rescheduling of a 10-year $850mn loan facility with a group of regional and international banks. According to a statement issued by SABIC, the rescheduling extends the loan repayment period by two years up to 2009 and also involves a...
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