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...
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