International Polymers Company (IPC)

Sipchem affiliate signs Shariah compliant SR1.4 bln loan deal for petrochem

Tue, 2012-06-05 14:54 — newsdesk

International Polymers Company (IPC), hastaken signed a Shariah compliant SR1.4 bln (US$373 mln) loan from Saudi banks, Riyad Bank, National Commercial Bank, Saudi Hollandi Bank, and The Saudi British Bank.
The funds will sustain the project financing of a production plant currently being built in Jubail Industrial City.

Source:

http://www.plastemart.com/plastic-facts-information.asp?news_id=22047&ne...

(c) The contents of this website are copyrighted. Any commercial use does require prior written permission. Any private forwarding is encouraged, but please include the original links to the website. Thanks! Information provided are on best effort basis. The sources are included for direct check. For external links we cannot take over responsibility. Community content is subject to special content license.

Any technical terms you shall find explained in our Islamic Finance WIKI .

IslamicFinance.de on LinkedIn

Follow our Islamic Finance Twitter-News

IslamicFinance.de

Navigation

News

Recent blog posts

International Polymers Company (IPC)

Sipchem affiliate signs Shariah compliant SR1.4 bln loan deal for petrochem

Syndicate

Archive