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Sahara Petrochemical Signs $107 million Credit Facility

Source: Reuters 10/13/2012, Location: Middle East

Saudi Arabia's Sahara Petrochemical Co said it signed a three-year medium-term revolving credit facility with Saudi Investment Bank for 400 million riyals ($107 million).

It said in a bourse statement the facility was to give standby support both to the company's working capital and to aid future investments.

The Jubail-based producer makes basic petrochemicals including propylene, acrylic acid, ethylene, low and high-density polyethylene, caustic chlorine and ethylene dichloride.

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

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


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