VOL. XXXVIIINO. 531-OCTOBER-1994

Regional Financing

Financing For Ibn Rushd And SABAYEK

Saudi Cairo Bank has agreed to extend SR200mn ($53mn) in credit facilities tothe Arabian Industrial Fiber Company (Ibn Rushd) to help finance theconstruction of its Yanbu' polyester complex, SABIC's 16th manufacturingaffiliate. The complex, which will cost an estimated $400mn, will produce140,000 tons/year of polyester, consisting of 48,000 t/y of staple fiber fortextiles, 32,000 t/y of filament yarn, 40,000...