VOL. XLII
No 48
29-November-1999
SAUDI ARABIA
Ibn Zahr Reschedules $138Mn
The Saudi European Petrochemical Company (Ibn Zahr), ajoint-venture affiliate of Saudi Basic Industries Corporation (SABIC),announced on 24 November that it had rescheduled a $137.7mn (SR516mn)syndicated loan from a consortium of 11 regional and local banks. According toa statement from Ibn Zahr, the loan was originally signed in 1992 to financethe construction of the company痴 MTBE and polypropylene plants.
The rescheduling...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!