VOL. XLII
No. 05
1-February-1999
SAUDI ARABIA
Saudis Eastern Petrochemical Secures $875Mn In SyndicatedFinance
Saudi Arabias Eastern Petrochemical Company (Sharq) a50/50 joint venture between SABIC and the Japanese Mitsubishi-led consortiumSaudi Petrochemical Development Company (SPDC) announced on 27 January thatit had secured $875mn in loans to partly finance its expansion plans. Accordingto a Sharq statement, an agreement for a 12-year $750mn facility was signedwith the Export Import Bank of...
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