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World News and Views :: Projects

Saudi Kayan Signs $6 billion Financing Arrangement

2:49 AM MDT | June 2, 2008 | Natasha Alperowicz

Saudi Kayan Petrochemical Co. , an affiliate of Sabic, says it has agreed a $6-billion (SR22.5 billion) financing arrangement for 15 years with a group of banks and financial institutions to finance part of the cost of its previously announced $10 billion plus petrochemical complex at Al Jubail, Saudi Arabia. It will become the world's largest integrated petchems complex, the company says.  The financing package is diverse and includes local, regional, international, Islamic and export credit agency debt. Saudi Kayan was advised by Arab Banking...

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