VOL. XL
No. 23
9-June-1997
SAUD ARABIA
Saudi Chevron Signs Loans For $305Mn
Saudi Chevron Petrochemical, the 50-50 joint venture between SaudiIndustrial Venture Capital and the US oil major Chevron, has as expected signed a loanagreement for $305mn over 8.5 years to finance the construction of the first whollyprivate-owned petrochemical concern in the Kingdom (MEES, 24 March). The arrangersof the deal were Chase Investment Bank, Gulf International Bank, Saudi Investment Bank,Industrial Bank of...
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