Saudi Kayan Petrochemicals has signed a SR 2 bln (US$533.3 mln) murabaha facility agreement with Banque Saudi Fransi to cover construction costs. The ten year loan is to fund part of the additional coosts of its complex in Jubail Industrial city, and is guaranteed by Saudi Basic Industries Corp (SABIC), the firm's main shareholder.
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Wednesday, March 23, 2011
Saudi Kayan inks murabaha facility agreement with Banque Saudi Fransi to cover construction costs
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