NO. 47


Financial and Banking News

Regional Sadaf Financing Moves Towards Completion Financing

The six banks offering to underwrite the commercial financing for the SaudiPetrochemical Company (Sadaf) are expected to submit their final offer to thecompany's partners by the fourth week of August, with a view to the partnersgiving approval by the end of the month. Bankers say that the offer will now beto underwrite around $500mn rather than $600mn because Riyad Bank, which...