Sahara finds home for project financing

By Michael Turner
24 Jul 2013

Saudi Arabia's Sahara Petrochemical Co has signed a Sr500m ($133m) 13 year project finance facility.

Saudi British Bank is providing the financing. The deal was signed on Tuesday. The facility comes with a three year grace period. 

Sahara will use the funding to build 280 employee housing units in Saudi's Jubail Industrial City. 

The borrower is a regular feature of Saudi's domestic loans market. In October ...

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