Advanced Petrochemical signs SAR1.5bn facilty

In:

Chemicals/Petrochemicals, Oil & gas

Region:

Middle East & Africa

Saudi Arabia's Advanced Petrochemical Company has sealed a SAR1.5 billion ($400 million) sharia-compliant Murabaha credit facility agreement. The facility was signed with Riyadh Bank, Samba Financial Group, and Al Rajhi Bank. The 5.5-year loan, guaranteed by a promissory note, will finance...

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