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

The UK Chemical Supply Chain
Trade and Competitiveness

The UK Chemical Supply Chain

The CBA, led by CEO Tim Doggett, is steering the UK chemical supply chain through trade uncertainty, sustainability pressures and logistics challenges, as he explains in this interview with CHEManager.

Special Issue

Circular Plastics Economy
Explore the Future of Plastics

Circular Plastics Economy

This special CHEManager issue explores the industry’s pivotal shift towards a more sustainable, circular plastics value chain. Readers will find expert analysis and real-world solutions for today’s most pressing recycling and regulatory challenges.

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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.