VOL. XL
No. 47
24-November-1997
SAUDI ARABIA
Yanpet Signs $2.2Bn Loan Facility
The Saudi Yanbu Petrochemical Company (Yanpet) - a joint venture between the SaudiBasic Industries Corporation (SABIC) and Mobil Corporation - signed a $2.212bn loanfacility on 17 November with 28 local and international banks to finance an expansionproject which aims to double production capacity at the Yanpet complex. The loan wasdescribed as "one of the most prestigious financings in the region, the largest ever...
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