Sahara Petrochemical takes SR400m RCF

14 Oct 2012

Sahara Petrochemical, the Saudi Arabian oil company, has completed a SR400m ($106.7m) standby revolving credit facility with Saudi Investment Bank.

The three year line will be used as standby support for the company’s working capital, projects and future investment needs, the borrower said in a statement on the Saudi bourse.

Sahara Petrochemical tapped the loan market last month when it signed a SR500m three year loan from Riyad ...

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