Ma’aden Signs Financing Agreement with SIDF

Source: www.gulfoilandgas.com 11/30/2011, Location: Middle East

The Saudi Arabian Mining Company, Ma’aden announced that its subsidiary, Sahara and Ma’aden Petrochemicals Company (SAMAPCO) has signed a SR 900 million (USD 240 million) financing agreement with the Saudi Industrial Development Fund for its caustic soda and ethylene dichloride project. The load will be repaid in 13 semiannual non-equal installments ranging between 30 and 90 million Saudi Riyals with repayment starting on 15/08/1436 H and ending on 15/08/1442 H.

The production capacity of the project would amount to 250,000 tonnes per annum of concentrated caustic soda and 300,000 tonnes per annum of ethylene dichloride. The project will create approximately 200 job opportunities, which could increase according to the gradual expansion in the Company's projects.

The caustic soda and ethylene dichloride project is a 50:50% joint venture between Ma’aden and Sahara Petrochemicals Company. The project will be completed by the end of 2012.


Singapore >>  1/22/2025 - BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) today provides an update on its Product Services’ (“...
United Kingdom >>  1/22/2025 - The Renewables Infrastructure Group Limited ("TRIG") announces that, in accordance with the terms of its share buyback programme (the "Programme") ann...

United Kingdom >>  1/22/2025 - Aptitude (LSE: APTD), a market-leading provider of finance transformation software solutions, specialising in delivering fully autonomous finance, ann...
United Kingdom >>  1/22/2025 - Greencoat UK Wind PLC (the "Company" or "UKW") announces that, in accordance with the terms of its share buyback programme (the "Programme") announced...

United Kingdom >>  1/22/2025 - NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, announces that it has purchased the following number of Ordin...
United Kingdom >>  1/22/2025 - Nexteq PLC (the "Company") announces that on 21 January 2025 it purchased 10,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.