Saudi Basic Industries Corp. (SABIC) recently secured a $3 billion bridge loan to meet ongoing financial requirements, Reuters reported, citing sources familiar with the matter.
Details on the lenders or the tenor of the loan were not disclosed.
In January, SABIC said it could self-finance a 25 percent stake acquisition in specialty chemicals group Clariant, or could invite banks to partially finance the deal.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}