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Tasnee gets $1.36 bln Islamic loan for new factories

Posted on 09 May 2012

National Industrialization Co (Tasnee) and Sahara Petrochemical Co have agreed a 5.09 billion riyal ($1.36 billion) loan with nine local banks to fund development of three new factories.
The 16-year syndicated loan will finance investment in a new complex producing acrylic acid derivatives, the Saudi Arabian petrochemical producers said on Tuesday………………………………………..Full Article: Source

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