16.06.2010 • News

SABIC Gets $1 Billion Credit from Alinma

Saudi-based Alinma Bank granted on Tuesday a $1 billion credit facility to Saudi Basic Industries Corp (SABIC), al-Hayat online news service reported. SABIC's Chief Executive Mohamed al-Mady declined to comment the report.

"The facility will fund some of the company's petrochemical projects as part of the company's strategic plans to enhance financing performance, boost competitiveness and contribute to achieve the company's expansion and growth strategy," al-Hayat said in the unsourced report.

Interview

Driving Sustainability Through Collaboration
Building Green Practices Across the Chemical Supply Chain

Driving Sustainability Through Collaboration

Together for Sustainability (TfS) is a pioneering, member-led initiative working to accelerate sustainable and resilient chemical supply chains. TfS President Jennifer Jewson discusses the origins of TfS, its evolving goals, its present-day challenges, and the initiative’s enduring impact and outlook for the future.

Virtual Event

High Performance Food Production
Perfection Starts in the Tank

High Performance Food Production

March 24, 2026 | Optimize your food production with smarter mixing—join the Ystral seminar to discover 20 real-world applications that cut processing times, reduce costs, and boost product quality.

Top-Feature

most read

Photo
News • Chemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.