Financial and Banking News

Regional Financing

Sadaf Loan Increased Back Up To $700Mn

Six banks are in the process of revising their underwriting offer for theSaudi Petrochemical Company (Sadaf) expansion. The banks are to increase theiroffer to $700mn, of which they will take and hold $500mn. Any selldown whichthey can achieve will be allocated to the remaining $180mn. The six banks areNational Commercial Bank, Saudi British Bank, Gulf International Bank, Apicorp,...