Financials and Investment: News for Oil & Gas and Hydrocarbon Industries  Membership Services
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Kayan Signed Agreement with Banque Saudi Fransi

Source: www.gulfoilandgas.com 3/20/2011, Location: Middle East

Share |

Saudi Kayan announces that it has signed two billions Saudi Riyal murabaha facility agreement with Banque Saudi Fransi with a tenor up to ten years to fund part of the construction cost overruns of its complex in Jubail industrial city which was declared in the capital market on 25/7/2010. It is worth mentioning that this loan is guaranteed by SABIC, the main shareholder of the company.

The agreement was signed by Mr. Mutlaq Al-Morished, Saudi Kayans chairman and Mr. Saad Ur-Rehman, Banque Saudi Fransi group general manager, head of structured finance division.

Financials and Investment News in Saudi Arabia >>

Egypt Expects $425 Mln from Islamic Development Bank
  Egypt >>  9/14/2014 - Egypt said it expected to receive around $425 million in funding from the Islamic Development Bank to develop an oil refinery in Assiut and an airport...
Egypt Signs $500m World Bank Gas Loan
  Egypt >>  9/11/2014 - Egypt has signed a $500 million loan with the World Bank to provide natural gas to Egyptian households, the government said in a statement on Thursday...

Oil Market Highlights - September 14
  Austria >>  9/10/2014 -  Crude Oil Price Movements
The OPEC Reference Basket fell by $4.86 in August to stand at $100.75/b. Nymex WTI declined by $6.32 to $96.08...

Balance of Supply and Demand - September 2014
  Austria >>  9/10/2014 - Demand for OPEC crude in 2014 was revised down by 0.2 mb/d from the previous report to stand at 29.5 mb/d, which is 0.8 mb/d lower than the 2013 leve...

Sea Trucks Signs $130m Financing Facility
  Netherlands Antilles >>  9/10/2014 - Sea Trucks Group Limited, an international oil and gas marine contractor with a strong track record in the key oil and gas producing regions, particul...
Petrorabigh Invite Banks to Back JV Plant Expansion
  Saudi Arabia >>  9/10/2014 - Saudi Arabia's PetroRabigh said its founding shareholders had formally invited banks to provide financing for the 32 billion riyal ($8.5 billion) expa...



Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |

More News

Oil & Gas Projects in Saudi Arabia >>

Oil & Gas Companies in Saudi Arabia >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright Universal Solutions All rights reserved. Privacy Policy. - Contact Us