Economy
Advanced Polyolefins secures $1.6bn loans for 3 plants at Jubail Industrial City
Follow-ups -eshrag News:
Wed, 2022-07-06 09:30
RIYADH: Advanced Polyolefins Industry Co., a unit of Saudi-listed Advanced Petrochemical, has secured loans worth SR6.1 billion ($1.6 billion) to finance the construction of three plants at Jubail Industrial City II in Saudi Arabia.
The Shariah-compliant facility deals are repayable in 22 installments until November 2035, while SR956 million of the amount is payable by May 2026, a bourse filing revealed.
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