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.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.