Pricing hurdle as Sabic reignites loan talks

Saudi Arabia_230
By Dan Alderson
19 Jan 2017

Saudi Basic Industries Corp (Sabic) has reopened discussions with banks for a loan of as much as $2bn, having put funding plans on hold last year.

Sabic entered into similar talks in 2016, but decided not to proceed with a loan. The new negotiations come as the 70% government-owned petrochemicals group eyes a potential expansion in the US through a venture with Exxon Mobil, although it is not yet clear that Sabic will proceed ...

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