Advanced Petrochemical Company

Advanced Petrochemical Company - Murabaha Loan

Industry
Chemicals/Petrochemicals/Chemicals/Petrochemicals
Area of finance
Commodity Trade Finance
Country
Saudi Arabia

Deal Overview

Saudi Arabia's Advanced Petrochemical Company has sealed a sharia-compliant Murabaha credit facility agreement. The loan, guaranteed by a promissory note, will finance future expansion projects of the petrochemical firm and its subsidiaries. Use of the facility will be based on actual draw downs...

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Saudi Arabia's Advanced Petrochemical Company has sealed a sharia-compliant Murabaha credit facility agreement. The loan, guaranteed by a promissory note, will finance future expansion projects of the petrochemical firm and its subsidiaries. Use of the facility will be based on actual draw downs in line with the financing requirements.

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Deal Volume
$ 399.67m
Financial Close
09 July 2020

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