Financial and Banking News

Regional Financing

English Law Draws Citibank And Chase Into Sadaf Loan

The underwriting group for the Sadaf loan has been expanded to includeCitibank and Chase, both of whom expressed interest in taking a slice of thedeal after the project sponsors decided to base the loan agreement on English,rather than Saudi, law. It is the first time in recent memory that a SABICsubsidiary has raised money on the basis of English law.

Sadaf issued a...