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 >>

RSM Provides Update on Logbaba Gas Project
  Cameroon >>  10/20/2014 - The Company announces that Akintola Williams Deloitte, Nigeria (“Deloitte”), a member firm of Deloitte Touche Tohmatsu Limited, has finished its field...
FAR Strengthens Cash Position with $46.7m Capital Raising
  Senegal >>  10/20/2014 - FAR Ltd has completed a placement to institutional and sophisticated investors to raise $46.7 million before expenses by issuing 424,961,685 shares. T...

Oil Rises above $87 as Investors Say Market Oversold
  Egypt >>  10/17/2014 - Brent crude rose more than a dollar to above $87 a barrel on Friday, bouncing from near four-year lows as investors bought back into a market they sai...
Sirius Provides Further Funding Update
  Nigeria >>  10/16/2014 - Sirius Petroleum, the Company focused on oil and gas development and production opportunities in Nigeria, announced previously that it has provisional...

Oil Tax Revenues Slide in 1H of 2014
  Algeria >>  10/15/2014 - The revenues from oil taxes stood at 1,870 billion DA, equaling $23.5 billion during the first half of 2014, sliding 10% in comparison with the same p...
Oil Slide Puts Venezuela Projects under Pressure
  Venezuela >>  10/15/2014 - The recent slide in global oil prices puts projects under heavy pressure, executives at two major production companies told an industry conference in ...



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