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 >>

KOGAS to Invest $4.9 Bln in Zubair Oil Project
  Iraq >>  8/18/2014 - Korea Gas Corp will invest 4.99 trillion Korean won ($4.9 billion) in Iraq's Zubair oil project, the state-run South Korean gas company said in a fili...
Oil Market Highlights - August 14
  Austria >>  8/11/2014 - Crude Oil Price Movements
The OPEC Reference Basket fell by $2.28 to $105.61/b in July amid easing worries about supply disruptions and w...


Balance of Supply and Demand - August 14
  Austria >>  8/11/2014 - Demand for OPEC crude in 2014 was revised down by 0.1 mb/d from the previous report to stand at 29.6 mb/d. In 2015, demand for OPEC crude is expected ...
Brazil May Raise Fuel Prices by Up to 6 Percent
  Brazil >>  8/11/2014 - The Brazilian government could increase domestic fuel prices at refineries by up to 6 percent after the October presidential election, a senior govern...

Monthly Inflation Rate Highest since 2008
  Egypt >>  8/10/2014 - The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the monthly rate of inflation in July reached 3.3 percent, compared to Ju...
Petrobras Profit Slumps as Imports, Price Gains
  Brazil >>  8/9/2014 - Profit at Brazilian state-run oil company Petrobras slumped 20 percent in the second quarter from a year earlier, as rising fuel imports, debt costs a...



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