SAHARA & MAADEN PETROCHEMICALS COMPANY (SAMAPCO) OBTAINED A LONG TERM LOAN

19/12/2013 Argaam

Sahara Petrochemical Co. announces that an affiliate has signed a long term loan agreement with Public Investment Fund (PIF) as following:
1.loan was signed on 19-12-2013.
2.Loan amount of SAR 660 Million( USD 176 million ).
3.Loan period duration from 19-12-2013 to 30-06-2027.
4.The purpose of the loan finance its ethylene dichloride (EDC) and caustic soda project.
5.Loan guarantee : Order Notes by Sahara and Maaden Petrochemicals (SAMAPCO).
6.Further information: Loan period duration is 14 years with one year as grace period.
It is worth mentioning that SAMAPCO is a limited liability company, jointly owned 50:50 by Sahara Petrochemical Co. and Ma'aden.

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