Sadara Selects Islamic Bond Banks

摘要

Riyadh—Sadara Chemical Co. has selected four banks to manage the Islamic bond portion of financing for its petrochemical complex being built in Jubail, Saudi Arabia (PCN, 14 May 2012, p 3). Deutsche Bank, Riyad Bank, Alinma Bank and Bank Al Bilad have been appointed to oversee this round of financing, which is expected to be marketed in 2013 and raise about $1.4-billion.