15 October 2012 03:10 [Source: ICIS news]
SINGAPORE (ICIS)--Saudi Arabia's Sahara Petrochemicals has signed a three-year medium-term revolving credit facility with Saudi Investment Bank for Sauri riyal (SR) 400m ($107m), partly to fund future investments, the company said over the weekend.
The facility is also aimed at providing “stand-by support for the company’s financial requirements with respect to working capital and the needs of the company’s projects”, it said in a statement filed with the Saudi Stock Exchange or Tadawul on 13 October.($1 = SR3.75)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections