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Sipchem affiliate signs Shariah compliant SR1.4 bln loan deal for petrochem

Tue, 2012-06-05 15:54 — newsdesk

International Polymers Company (IPC), hastaken signed a Shariah compliant SR1.4 bln (US$373 mln) loan from Saudi banks, Riyad Bank, National Commercial Bank, Saudi Hollandi Bank, and The Saudi British Bank.
The funds will sustain the project financing of a production plant currently being built in Jubail Industrial City.

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