SABIC Deutsche Bank sign billion dollar agreement
Posted: 1 May 2006
The Saudi Basic Industries Corporation (SABIC) and Deutsche Bank signed a US$ one billion Murabaha agreement.
Under this deal, SABIC will be able to make use of various funding facilities to finance part of its expansion projects and future investments.
This Murabaha agreement comes as SABIC diversifies its funding sources and selects the financing facilities that best suit its business strategy.
Posted by Richard Price, Editor, EnergyME.com
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