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Saudi Acrylic Monomer Company

Tasnee gets $1.36 bln Islamic loan for new factories

Tue, 2012-05-29 12:41 — newsdesk

National Industrialization Co (Tasnee) and Sahara Petrochemical Co have engaged a 5.09 billion riyal ($1.36 billion) loan with nine local banks to fund development of three new factories.
Operations at Saudi Acrylic Monomer Company, Saudi Acrylic Acid Co and Saudi Superabsorbent Polymers Co in Jubail Industrial City on the kingdom's Gulf coast, are arranged to begin in the first quarter of next year.

Source: 

http://af.reuters.com/article/energyOilNews/idAFL5E8G8EKW20120508

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