VOL. XXXVIIINO. 105 DECEMBER 1994

Financial and Banking News

Regional Financing

Use Of English Law For Sadaf Loan May Signal Start Of More Flexible SaudiLine On Financing

The use of English law as the basis for the $700mn loan for the SaudiPetrochemical Company (Sadaf) will likely be seen as an important milestone inthe development of Saudi financial policy. The Saudi Basic IndustriesCorporation (SABIC), Sadaf's local shareholder, has long resisted calls for itto abandon its insistence on the use...