Sahara Petrochemical takes SR400m RCF

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

  • 15 Oct 2012

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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